Blog: “8 reasons for MACC to probe Khazanah, PNB’s RM43.9m investment losses in FashionValet”

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9 comment(s). Last comment by icecool 2 hours ago

Income

12,081 posts

Posted by Income > 1 day ago | Report Abuse

No business

EngineeringProfit

20,536 posts

Posted by EngineeringProfit > 1 day ago | Report Abuse

Any account got frozen yet?

Income

12,081 posts

Posted by Income > 1 day ago | Report Abuse

Long or short sighted?

EngineeringProfit

20,536 posts

Posted by EngineeringProfit > 14 hours ago | Report Abuse

Freezing all potential suspects' bank accounts linked to the substantial loss is a pragmatic and ethically sound response. It aligns with governance best practices, meets compliance requirements, and demonstrates Khazanah’s dedication to prudent asset management and risk mitigation.

speakup

26,984 posts

Posted by speakup > 9 hours ago | Report Abuse

if Fashionvalet was chinese or indian owned company, Pnb/Khazanah would never invested in Fashionvalet.
Pnb/Khazanah thought they could trust Fashionvalet Bonnie & Clyde

speakup

26,984 posts

Posted by speakup > 9 hours ago | Report Abuse

MACC sila siasat

EngineeringProfit

20,536 posts

Posted by EngineeringProfit > 9 hours ago | Report Abuse

A fairy tale that everyone could believe - NXBT Partners acquired a majority stake of 51.25% in FashionValet at a significantly reduced valuation. This purchase, totaling around 1.1 million dollar......hahaha

speakup

26,984 posts

Posted by speakup > 8 hours ago | Report Abuse

https://theedgemalaysia.com/node/732477

icecool

5,011 posts

Posted by icecool > 2 hours ago | Report Abuse

this whole business idea was doom to begin with.

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