Published
The nation's sovereign wealth fund Khazanah Nasional had invested US$20 million (RM80 million) into lingerie, revealed Economic Affairs Minister Azmin Ali.
The disclosure was in response to former premier Najib Abdul Razak (BN-Pekan) disputing the allegation that Khazanah had strayed from its original objectives.
"An an example, Khazanah invested almost US$20 million through an online retailer that sells lingerie... bras. In the end, the investment had to be written off. This was the smallest instance," he said.
A more serious instance, he said, was Khazanah having to write off RM3 billion in investments.
The disclosure was in response to former premier Najib Abdul Razak (BN-Pekan) disputing the allegation that Khazanah had strayed from its original objectives.
"An an example, Khazanah invested almost US$20 million through an online retailer that sells lingerie... bras. In the end, the investment had to be written off. This was the smallest instance," he said.
A more serious instance, he said, was Khazanah having to write off RM3 billion in investments.
- Category
- TV Saluran - TV Channel
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
01:22
Azmin wants Khazanah to find best Malaysia Airlines solution
-
09:13
Azmin: Khazanah divested 84 assets between 2009 and 2018
-
05:17
Azmin: Putrajaya extended deadline for Splash deal
-
05:10
Azmin: Khazanah failed in RM80mil lingerie venture
-
01:53
Najib: I’m concerned about the state of affairs in future Khazanah
-
00:34
Azmin: Water deal to be sealed soon
-
02:02
1MDB critics blew up issues to topple gov't, Najib tells investors
-
02:15
Azmin: Govt still scrutinising proposals for takeover of Khazanah stake in PLUS
-
00:27
Water deal disclosure: Azmin still waiting for reply
-
01:07
Azmin: Khazanah pivoting to domestic investment
-
02:18
10 tahun saya jadi PM, Khazanah tak pernah rugi - Najib
-
06:19
Najib: Khazanah’s strategic assets will never be sold if BN is still in power
-
03:20
Water cuts lasted four days, 1MDB debt will last four generations, Azmin tells Najib
-
10:56
Nazri terus dihentam, Anwar tak risau, Najib 'bersuara' kerugian Khazanah
-
00:37
Come to Parliament to debate, not on Facebook, Azmin tells Najib
-
01:19
Azmin explains why Khazanah sold Saudi power, water stake
-
00:31
Najib hands out RM80m for Islamic religious schools
-
02:53
Khazanah tidak tersasar - Najib
-
01:22
Azmin: Khazanah exploring more options on MAS' fate
-
02:24
Najib: There were no political appointments in Khazanah
-
01:06
Azmin to urge Khazanah to revisit Boeing 737 MAX agreement
-
04:28
I was waiting for you last night, Najib tells Azmin | KiniFlash - 14 Feb
Loading...