Media & Downloads
Press Releases

24 October 2013

Khazanah demands retraction, correction and apology from The Malaysian Insider

Khazanah demands retraction, correction and apology from The Malaysian Insider

We refer to the article “Parliament’s bipartisan oversight panel probes Khazanah’s costly ventures” and “PAC siasat perbelanjaan melampau Khazanah” by The Malaysian Insider published early this morning on 24 October 2013, and other related articles and reports in this regard.

The said articles expressly state or imply that Khazanah had failed to respond to a letter or queries made by the Auditor General in respect of its operations and investments, and that this has been left unattended in the last month.

We wish to categorically state the following:

  1. There is no such letter or request from the Auditor General.
  2. Khazanah has always responded to the Auditor General in a professional and timely manner whether in the past month or at any point in time.
  3. Furthermore, at no time did The Malaysian Insider contact Khazanah or its officers to check on the veracity of these claims before it published the said erroneous articles.

In this regard, we take seriously the erroneous and irresponsible reporting by The Malaysian Insider and we have through our solicitors issued a Letter of Demand for a retraction, correction, and an appropriate apology in respect of the false statements and erroneous reporting, and reserve our rights to legal and other appropriate recourse.

Khazanah wishes to reiterate that it views positively both the genuine concerns of the public and the various oversight measures placed on us, inter alia, external audit, internal audit, and the National Audit Department’s periodic audits as well as other valid oversight mechanisms, as a positive check and balance to strengthen our systems and performance. In this regard, Khazanah is pleased to inform that it has participated in a total of six hearings before the Public Accounts Committee since 2006 and we will continue to do so in future as and when required.

Notwithstanding the above, as stated above and as contained in our Letter of Demand to The Malaysian Insider, we reiterate that these reports are misleading, erroneous and factually incorrect.

END



Other Press Releases
12 September 2023

Khazanah and Khazanah Research Institute, in colla...

Read more  

27 July 2023

Khazanah Stands Ready to Support “Ekonomi MADANI...

Read more  

25 July 2023

Khazanah Impact Innovation Challenge 2023 Calls fo...

Read more  

13 July 2023

Global Venture Capital Firm Antler Partners With K...

Read more  

27 June 2023

Khazanah spearheads green investment platform to a...

Read more  

6 June 2023

Khazanah invests in homegrown full-stack InsurTech...

Read more  

25 May 2023

Khazanah reopens Malaysia’s USD Sukuk and Bond M...

Read more  

27 April 2023

Khazanah assigned A3/A- by International Credit Ra...

Read more  

19 April 2023

Khazanah leads concerted efforts to uplift PPR com...

Read more  

9 April 2023

Iskandar Malaysia Studios attracts foreign investm...

Read more