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Prime Minister Anwar Ibrahim has instructed a forensic investigation into Xeraya Capital, a Khazanah Nasional subsidiary managing life sciences investments, after governance concerns emerged during a board meeting.
Prime Minister Datuk Seri Anwar Ibrahim has directed authorities to investigate any Khazanah Nasional Bhd subsidiary suspected of financial or governance irregularities, signalling renewed scrutiny of state-owned enterprises.
Khazanah Nasional exceeded its long-term investment targets despite a difficult macroeconomic environment, Prime Minister Anwar Ibrahim disclosed at the fund's third board meeting. The sovereign wealth manager also initiated a forensic probe into documentation irregularities at subsidiary Xeraya Capital.