Prime Minister Anwar says no 1MDB-style scandals found in GLICs and GLCs
Prime Minister Datuk Seri Anwar Ibrahim told parliament that investigations have not uncovered any governance breaches in government-linked investment companies or firms comparable to the 1MDB, Felda or Tabung Haji scandals.
During a session of the Dewan Rakyat, Anwar Ibrahim reported that reviews of government-linked investment companies (GLICs) and government-linked companies (GLCs) have revealed no violations similar to those that plagued 1Malaysia Development Bhd, Felda or Tabung Haji. He emphasized that, while the task remains challenging, the administration believes it can maintain oversight. The statement follows ongoing efforts to strengthen governance across state-affiliated enterprises.
Why it matters
It signals one outlet government's ability to avoid repeat scandals in major state-linked enterprises.
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