AG's Report calls for review of I2M Ventures' relevance

The Auditor-General’s Report issued today has recommended a review to determine if the existence of I2M Ventures Sdn Bhd is still relevant after the company fulfils all its commitments and agreements with Iskandar Global Business Services (GBS Iskandar) investors in 2025.

The report stated that i2M Ventures, a company wholly owned by Khazanah Nasional Bhd, was found to have failed to achieve the established objectives of promoting, marketing and managing businesses in Iskandar Puteri, Johor.

The audit revealed that the key performance indicators...