Malaysia's Public Accounts Committee will investigate state-owned losses in FashionValet in December.

The Malaysian Public Accounts Committee (PAC) will investigate financial losses linked to state-owned investments in the fashion retailer FashionValet, starting the second week of December. PAC Chairman Datuk Mas Ermieyati Samsudin announced that officials from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) will be called to testify regarding the matter. The inquiry aims to address concerns over the use of public funds.

November 07, 2024
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