MPs question FashionValet investment, call for GLC, GLIC reform

PARLIAMENT | A backbencher debating the Supply Bill 2025 today questioned the selection processes for investments by government-linked companies and whether there were any “special treatments” for well-connected individuals.

Specifically, Dr Kelvin Yii (Harapan-Bandar Kuching) questioned how FashionValet secured a substantial investment from Khazanah Nasional and Permodalan Nasional Berhad (PNB) and subsequently recorded nearly RM44 million in losses.