👋 Khazanah Nasional is responsible for managing the people's money through investments. Recent discussions have highlighted concerns regarding their investments, particularly in Fashion Valley.
🗓️ The current leadership, including PMX and Datuk Seri Amir Hamzah Azizan, should not be blamed for past investment losses as they took over in January 2023.
📄 A press statement from Khazanah, valued at 27 million, has raised eyebrows due to its lack of signatures and the significant amount involved.
😡 Many, including parliament members, are frustrated with how government funds are being used for uncertain investments. The company in question, Fashion Valley, was seen as promising but has not yielded profits since its investment.
📈 Khazanah holds 9% of shares in Fashion Valley, which was initially viewed as a competitive e-commerce platform. However, the company has struggled financially, especially during the COVID-19 pandemic.
🔍 There are calls for a thorough audit of Khazanah's management and financial practices to ensure accountability and competence among its directors.
👥 The management team, including Datuk Amirul Faizal Wan Zahir, Datuk Hisham Amdan, and Faridah Bakar Ali, has been scrutinized for their qualifications and decision-making processes.
⚖️ It is crucial for those in leadership positions to act responsibly and prioritize the nation's interests. The expectation is for them to be held accountable for their actions, especially regarding public funds.
🔜 The public awaits further investigations from the SPRM and hopes for responsible governance moving forward.