KUALA LUMPUR – Umno Youth today proposed the establishment of a Royal Commission of Inquiry (RCI) to investigate allegations of financial irregularities in cases involving Fashion Valet Sdn Bhd (FashionValet) and the National Farmers Organisation (Nafas).
Its chief, Datuk Dr Muhamad Akmal Saleh urged for a transparent investigation to be conducted, and for any findings to be made public to serve as a lesson for the future.
“Profits and losses are common in business, but if these funds come from public sources, then a transparent investigation must be conducted and reported to the public as well.
“Therefore, we propose that an RCI be set up to investigate these two issues, which have become national concerns,” he said on his Facebook page today.
He also stressed that those responsible should not be allowed to evade accountability, as public funds are involved.
“Whether it is FashionValet or Nafas, if any misconduct is found, let no one from the cartels siphoning public money go unpunished,” he said.
Akmal also expressed his appreciation for Prime Minister Datuk Seri Anwar Ibrahim’s firm stance on these issues, particularly his call for an investigation by the Malaysian Anti-Corruption Commission (MACC).
MACC chief Tan Sri Azam Baki previously reported that investigations have already commenced regarding an RM43.9 million investment loss experienced by Khazanah and Permodalan Nasional Bhd in FashionValet.
He noted that the investigation is crucial as it involves public funds and has become a matter of public interest. – November 3, 2024