Youtube Video

Summary published at 11/8/2024

🎶 Fion Valley has been a topic of discussion since its mention in 2018. Criticism has arisen regarding its funding and management, particularly from Akmal Salleh and Tony Pua.

🤔 Akmal questioned the government's role in the funding of Fion Valley, which was indeed established in 2018. However, it is important to note that the Pakatan Harapan coalition only took power in May 2018.

💰 Khazanah invested RM47 million in Fion Valley under the leadership of Najib Razak. Recently, two government-linked companies sold their shares due to a loss of nearly RM44 million.

🔍 Akmal has called for a Royal Commission of Inquiry (RCI) to investigate the losses, while Tony Pua described the situation as a normal investment risk. Pua emphasized that losses do not necessarily indicate misuse of public funds.

📊 The Malaysian Anti-Corruption Commission (MACC) is currently investigating the financial dealings of Fion Valley, including the freezing of 11 personal accounts and 6 company accounts linked to its founders, totaling around RM1.1 million.

🗣️ Akmal criticized Pua's statements, calling them foolish, while discussions continue about the accountability of past leaders, particularly Najib, regarding the funding decisions made in 2018.

🌍 In a positive note, Malaysia has been ranked as the 10th safest country in the world for 2024, improving from 13th in 2023 and 60th in 2016.

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