Kuala lumpur: Prime Minister Datuk Seri Anwar Ibrahim has ordered a comprehensive investigation into Xeraya Capital, a wholly owned subsidiary of Khazanah Nasional Bhd, to identify any potential financial irregularities.
According to BERNAMA News Agency, Anwar, who is also Khazanah chairman, mentioned that a meeting with the board this morning had uncovered concerns over the governance of a company established in 2012. He made these remarks during the 'Temu Anwar' session after officiating the 2026 International Himpunan Anak Muda Kebangsaan (HAMKA).
Earlier, in a statement issued by Khazanah, Anwar was quoted as saying that upon the Board being made aware, he instructed the Khazanah management to initiate a forensic investigation to the highest standards of governance and due process and, where necessary, to bring in external authorities. During the Board meeting, Khazanah, in line with its governance standards, raised legacy issues that need to be resolved, including those involving Xeraya Capital, which manages Khazanah's life sciences investments.
In July 2026, the Xeraya Board, in carrying out its governance oversight responsibilities, identified irregularities in documentation relating to past transactions and decided to review them further. Anwar expressed satisfaction with the progress made by Khazanah and its management team, encouraging them to continue efforts to advance Malaysia by raising the ceiling and lifting the floor, while upholding good governance in line with the principles of the MADANI Economy.
The Prime Minister also commended Khazanah's management for its proactive and meticulous approach, as well as its commitment to upholding high standards of governance. Anwar, who is also Finance Minister, stated that firm action to uncover misconduct involving government-linked entities was necessary to ensure that losses incurred did not ultimately come at the expense of the people. He referred to the latest developments regarding alleged mismanagement at the Federal Land Development Authority (FELDA), involving the sale of a hotel.
Anwar highlighted that in the past, FELDA was efficiently managed by former chairman Tan Sri Taib Andak and Tun Raja Muhammad Alias, generating significant profits despite not having expertise in economics or accounting. However, he noted that certain political interventions led to irregularities, such as a hotel worth RM100 million being bought for RM160 million, an issue that remains unresolved.
The Prime Minister expressed his disgust with corruption and emphasised his commitment to addressing any misconduct within his administration.