The PAC revealed this following a probe on Khazanah's huge losses in 2018 compared to the RM2.7bil profit the government's sovereign wealth fund made in 2017.
She added the PAC decided to initiate the probe after Khazanah's losses in 2018 gave rise to public speculation. Mohd Zuki was Khazanah's monitoring officer while Shahril, the former Employees Provident Fund's chief executive officer, was appointed to Khazanah in August last year. Among the factors leading to the losses, she added, was the implementation of government policies, particularly in the telecommunications sector which impacted several companies owned by Khazanah.
Source: News Formal (newsformal.com)
Yup. Invest in get rich schemes sanction by najib.
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