Malaysia PM orders probe into unit of sovereign wealth fund
- KUALA LUMPUR: Malaysia's Prime Minister Anwar Ibrahim on Thursday (Aug 20) ordered an investigation into a subsidiary of sovereign wealth fund Khazanah Nasional after its board identified governance irregularities linked to past transactions.
- The probe into Xeraya Capital, which manages Khazanah's life sciences investments, was decided at a Khazanah Board meeting on Thursday, Anwar said during a livestream on Facebook.
- Anwar, who also chairs Khazanah, said the board had ordered a comprehensive investigation into potential governance breaches, including issues stemming from past transactions.
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- KUALA LUMPUR: Malaysia's Prime Minister Anwar Ibrahim on Thursday (Aug 20) ordered an investigation into a subsidiary of sovereign wealth fund Khazanah Nasional after its board identified governance irregularities linked to past transactions.
- The probe into Xeraya Capital, which manages Khazanah's life sciences investments, was decided at a Khazanah Board meeting on Thursday, Anwar said during a livestream on Facebook.
- Anwar, who also chairs Khazanah, said the board had ordered a comprehensive investigation into potential governance breaches, including issues stemming from past transactions.
Sources: CNA