The prime minister says the company was established in 2012 and possible financial irregularities came up after Khazanah reviewed its past operations.
Speaking at a “Temu Anwar” session, Anwar revealed that the matter came up after Khazanah reviewed its past operations.
“I asked Khazanah to look into (the subsidiary’s) history. As it dug deeper, doubts were raised over the governance of the firm, which was established in 2012,” he said during a question-and-answer session.
“What was my decision? I said even though the current chairman is the prime minister, if there is any breach of governance, investigate it. We must be firm.”
He said Khazanah’s board decided at a meeting at the UEM building this morning to investigate all relevant aspects of the matter so that “we can clean things up”.
Meanwhile, in a statement, Khazanah said it had highlighted “legacy issues” related to Xeraya Capital, a wholly-owned subsidiary founded 14 years ago.
Xeraya manages Khazanah’s Life Sciences investments.
“In July, the Xeraya board identified irregularities relating to past transactions that warranted further review.”
Not politically driven
Separately, Anwar said investigations into alleged wrongdoings highlighted in the royal commission of inquiry (RCI) reports on Tabung Haji and Felda were not motivated by political revenge.
He said the police and the Malaysian Anti-Corruption Commission would determine if an investigation was necessary.
Similarly, it is up to the attorney-general to prosecute any wrongdoings.
“Who metes out the punishment? The judge, not the prime minister.”
Anwar said the government would not interfere in investigations or decisions on prosecution, which are the responsibility of enforcement agencies and the attorney-general respectively. - FMT
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