QUOTE(p4n6 @ Nov 9 2024, 11:59 AM)
I mean not Khazanah fault but if there is corruption in FashionValet then shall follow law to punish them.
Having say that FValet not the only failed biz by Khazanah.
It is the most viral one cause the founder is Social media influencer that like to flash richness …
I bet there will be some Khazanah portfolio in which biz also loss money but continue on due to biz owner is someone influential …
(Chorus)
*Khazanah invest in Business
Owner ATM from Business
Business Close
Khazanah Lost Money
Repeat Chorus*
Gov every year also has allocation for Usahawan fund, also utilized this way .. Influential people go backroute get it approved as pocket money every year…
usually, after invested in a company, the investor will request audited yearly financial report, along with briefing of key activities of the year
so if khazanah knew about the dubious company purchases then question is, why didn't it ring alarm bells? so question is, did khazanah know about this
and if khazanah was deceived or was not informed then straight is criminal case ady