MACC probes Khazanah, PNB's RM44m loss in Fashion Valet

MACC has launched an investigation into the losses sustained by Khazanah Nasional and Permodalan Nasional Berhad (PNB) from their investments in local fashion brand Fashion Valet.

Its chief commissioner Azam Baki reportedly said he ordered anti-graft investigators to probe the matter, which he regarded as concerning as it involves the people’s money.

“I have ordered my officers to...