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Malaysia's anti-corruption authority and sovereign wealth fund manager have deepened their partnership to strengthen oversight of the nation's investments, signalling renewed commitment to transparency.
Parliament has passed legislation tightening controls on the Kumpulan Wang Amanah Negara, requiring Dewan Rakyat approval for future withdrawals following a controversial RM5 billion withdrawal in 2021.
Indonesia's parliament has enacted legislation protecting buyers of Danantara sovereign wealth fund bonds from prosecution, prompting warnings from economists and legal scholars that the arrangement could facilitate money laundering and tax evasion.