Executives at Perbadanan Usahawan Nasional (PUNB) - Malaysia's
National Entrepreneur Corporation - appear to have taken their
remit rather too literally.
Unnamed senior officials at the state-funded agency, which aims to
encourage indigenous Bumiputera business, seem to have been a
little too enterprising with their sources of funding over attempts
to issue $5 billion of unauthorised bonds.
The venture capital agency, which only has paid-up capital of
M$100 million ($26 million), now finds itself at the centre of an
investigation by Malaysia's anti-corruption agency after an
executive was arrested on...
