<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 4): The Malaysian Anti-Corruption Commission (MACC) raided the office of a local fashion business, along with three other business premises on Monday, in a probe into significant investment losses incurred by Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB).</p></div>

<div class=newsTextDataWrapInner><p>In a post shared on MACC's official TikTok account, the agency revealed that the operation was conducted as part of the investigation into the loss of public funds, totalling RM43.9 million.</p></div>

<div class=newsTextDataWrapInner><p>The 58-second video clip shows MACC officers arriving at the office of the online fashion business, here, and conducting inspections and interviews.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The post also shared that the investigation was carried out under Section 18 of the MACC Act, although details regarding the locations of the other premises, which were raided simultaneously, were not disclosed.</p></div>

<div class=newsTextDataWrapInner><p><i>Bernama</i> is currently seeking additional information regarding the raid.</p></div>

<div class=newsTextDataWrapInner><p>On Saturday, MACC chief commissioner Tan Sri Azam Baki assured the public that the inquiry into the investment losses related to Khazanah and PNB, involving the online fashion business, would be carried out impartially and professionally.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:</em><br />
<a href="https://theedgemalaysia.com/node/732662" target="_blank"><em>Govt backbencher calls for 'heads to roll' over Khazanah and PNB's RM43.9m loss in FashionValet</em></a></p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


The Malaysian Anti-Corruption Commission (MACC) raided the office of a local fashion business, along with three other business premises on Monday, in a probe into significant investment losses incurred by Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB).

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