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Prime Minister Datuk Seri Anwar Ibrahim has initiated an in-depth investigation into Khazanah Nasional Bhd subsidiaries suspected of financial irregularities or governance failures, signalling renewed governmental scrutiny of state-linked enterprises.
Khazanah Nasional's board meeting, chaired by Prime Minister Anwar Ibrahim, highlighted the sovereign wealth fund's continued strong long-term investment returns and governance initiatives despite economic headwinds. The board also addressed irregularities at subsidiary Xeraya Capital.
Prime Minister Anwar Ibrahim has initiated a forensic investigation into Xeraya Capital, a wholly owned Khazanah subsidiary managing life sciences investments, following the discovery of governance concerns and documentation irregularities during a board meeting.