PAC to grill Khazanah, PNB on FashionValet

The Public Accounts Committee (PAC) will begin proceedings concerning investment losses that Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) incurred.

Its chairperson Mas Ermieyati Samsudin announced that the proceedings relate to investments made in fashion business FashionValet.

“These investments involved public fund losses totalling...