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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Khazanah told to monitor Iskandar closely

Posted on 03 January 2012

The Iskandar Malaysia Chamber of Commerce and Industry (DPPIM) has asked Khazanah Nasional Berhad to closely monitor the activities of its subsidiary, Iskandar Investment Berhad (IIB).
Its president, Mohd Salikon Sarpin said the alleged fraud, abuse of power and corruption involving several IIB executives was shocking. “The alleged misconduct by a handful of IIB executives could be likened to a Malay proverb, ‘harapkan pagar, pagar makan padi’ (a wolf in sheep’s clothing),” he said, adding that DPPIM lauded the Malaysian Anti-Corruption Commission’s (MACC) investigations into the misconduct………………………………………..Full Article: Source


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