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Khazanah Nasional's board, chaired by PM Anwar Ibrahim, reported long-term returns exceeding targets despite economic headwinds. However, the meeting revealed documentation irregularities at subsidiary Xeraya Capital, prompting a forensic investigation.
The 1Malaysia Development Bhd has launched a civil lawsuit against former Prime Minister Najib Razak, alleging he orchestrated a top-down fraud scheme that depleted the sovereign wealth fund of approximately RM51.4 billion through systematic abuse of power.
Parliament has approved the National Trust Fund (KWAN) Bill 2026, signalling Malaysia's shift toward diversifying how it preserves wealth from exhaustible natural resources for future generations, moving beyond Petronas's sole stewardship.