KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) raided the office of a local fashion business, along with three other business premises today, in the probe into significant investment losses incurred by Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB).
According to BERNAMA News Agency, the operation was conducted as part of the investigation into the loss of public funds, totalling RM43.9 million. In a post shared on MACC’s official TikTok account, the agency revealed details of the raid.
The 58-second video clip on TikTok shows MACC officers arriving at the office of the online fashion business, conducting inspections and interviews. However, the locations of the other three premises that were raided simultaneously were not disclosed in the post.
The investigation is being carried out under Section 18 of the MACC Act. MACC chief commissioner Tan Sri Azam Baki assured the public on Saturday that the inquiry into the investment losses related to Khazanah and PNB, involving t
he online fashion business, would be conducted impartially and professionally.