PM Anwar: No intervention in investigation into Khazanah, PNB’s RM43.9 million loss in Fashion Valet; MACC investigates RM1.8b fertilizer cartel case

SEBERANG PERAI, Nov 2 — Prime Minister Datuk Seri Anwar Ibrahim has said he will not intervene in investigations into Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB).

He said even though he is chairman of Khazanah, he will not stop the Malaysian Anti-Corruption Commission (MACC) from investigating the government’s sovereign wealth fund.

“There is no exception when it comes to investigations by MACC, if there is a case they will investigate, if there is a criminal case the police will investigate regardless of their position whether it is a government company or a private company. ” he said today in his speech at the official opening of the National Hawkers and Petty Traders Carnival 2024 (HPPK).

He said the case under investigation is an old case before he became prime minister.

“Even if there is a case now, regardless of whether I am the chairman, if there is a case, investigate, if there is evidence, prosecute, if proven, punish, this is the only way we can govern fairly,” he said . said.

Similarly, he said MACC should continue to investigate the alleged cartel involvement of the National Farmers Organization (Nafas) regarding the distribution and supply of padi fertilizer contracts.

“We will leave it to MACC to investigate,” he said.

He said allegations of the existence of cartels should be investigated as it affects padi farmers and the price of fertilizers.

“This is in the interest of our food security, so we need to understand why the matter needs to be investigated,” he said.

Anwar referred to statements by MACC chief commissioner Tan Sri Azam Baki that they are investigating a cartel involved in the distribution and supply of padi fertilizer contracts linked to a ministry, with a total value of RM1.8 billion.

He also recently said that MACC is investigating the RM43.9 million loss suffered by Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) from their RM47 million investment in FashionValet.