Netizens are skeptical of the Malaysian Anti-Corruption Commission’s (MACC) probe into FashionValet, questioning whether Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) were truly misled in their investments. MACC chief Tan Sri Azam Baki announced an expanded investigation to consider potential fraud, after uncovering suspicious transactions from 2018 to 2023. However, some online users argue it’s improbable that the couple behind FashionValet could deceive two of the country’s most prominent institutional investors. Instead, they suggest the funds might have been based on mutual agreements, reigniting public discourse on transparency in major business deals and high-stakes investments.
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