PMX should ask MACC chief to investigate Khazanah Chairman and Finance Minister for the failed investment… should resign

Not a loan. Money was invested in business, business failed…
I invest in a company share, the stock price down, i can ask for refund?

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…

This post has been edited by p4n6: Nov 9 2024, 12:04 PM

Hard not to know.
But there should be contractual agreement that they will pull out if not performing within n number of years … thats why they pull out now … cant expect invest today next year profit … investment should be mid to long term … if failed then cut loss …

I think the fact the decision to invest initially is a bit questionable … not sure what is the convincing business proposal that get Khazanah to take the risk … if the decision is solely based on helping bumi then Khazanah shall send someone head rolling …

The system from beginning is created to be abused and atm-ed…

Similar to alot of charity fund created … it is to facilitate moving money to a place that makes it easier to make withdrawals, less governance and also evade taxes … perfect way to launder money and to cash out …