Malaysia Inc reform mustn't become a witch-hunt

"THIS page is being updated" appears innocuously under the "Leadership" and "Board of Trustees" titles on the website of Permodalan Nasional Bhd (PNB) - a Malaysian state-linked investment fund with assets of more than RM200 billion (S$67 billion) under management.

For the more discerning, it's a sure sign that the Pakatan Harapan regime's colossal clean-up of Malaysia's finances and key institutions is unlikely to spare the deep-pocketed and wide-reaching government-linked investment companies (GLIC) such as PNB - with imminent overhauls of board, and where necessary, management.

The compulsion for reform follows the (still) unravelling saga of billions of dollars siphoned from state-owned 1Malaysia Development Berhad (1MDB) that is the subject of probes in multiple jurisdictions abroad, and at home base, since it was resurrected under a new leadership.