KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) today confirmed that it is analysing the investment made by another firm allegedly owned by Khazanah Nasional Bhd.

Its chief commissioner Tan Sri Azam Baki told the New Straits Times that the MACC has been made aware of the allegations made by a whistleblower involving the sovereign wealth fund.

"We are aware of the allegations. We will need to analyse it first," he said.

A news portal recently that the whistleblower had tipped off the MACC on the alleged scam involving private equity firm owned by Khazanah Nasional.

According to the report, the private equity firm is being helmed by an individual whose brother sits in Khazanah Nasional's top management.

The firm, on its website, said it is the 'brainchild' of Khazanah Nasional, providing investment to companies involved in the development of medical technologies.

The whistleblower was quoted in the report as saying the firm made a number of questionable investments including one on a company that was divested last year and no longer listed.

The latest allegations came on the heels of the MACC's on-going probe into Khazanah Nasional and Permodalan Nasional Bhd's investment in FashionValet (FV). (hyperlink: https://www.nst.com.my/news/crime-courts/2024/11/1128710/updated-probe-f...)

It was reported yesterday that MACC raided FashionValet , the Finance Ministry, Khazanah Nasional and PNB.

This action follows a significant investment loss of RM43.9 million linked to Khazanah and PNB.

Sources said that FashionValet founders Datin Vivy Yusof and her husband, Datuk Fadzaruddin Shah Anuar, were also questioned at the company's premises during the raid.

https://www.nst.com.my/news/crime-courts/2024/11/1129863/another-khazanah-nasional-owned-firm-macc-radar