The Selangor State Development Corporation (PKNS) has firmly denied allegations claiming it suffered RM10.369 million in losses and accumulated RM6.1 billion in debt. The agency described the figures as inaccurate and misleading, stressing that its financial position remains stable.
PKNS Financial Claims 2026: Agency Rejects Losses and Debt Allegations
In a statement, PKNS clarified that the reported numbers were taken out of context and did not reflect its actual financial health. Officials emphasised that ongoing projects and asset management strategies continue to support sustainable growth.
The denial comes amid heightened scrutiny of public agencies, with PKNS reaffirming its commitment to transparency. Analysts say clear communication is crucial to maintaining investor and public confidence.
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