NEWS portal Malaysiakini lodged a police report after discovering RM3 million from its subsidiaries had been diverted to third-party entities suspected of running unlicensed investment schemes.

In a statement today, the board of Mkini Group Sdn Bhd said the irregularities, which involved former key employees, occurred between March 2023 and March 2024.

The diversion was uncovered following an internal investigation supported by independent legal counsel and financial consultants.

The board noted that the transactions went undetected because the company’s audited accounts for 2023 and 2024 recorded the funds as “fixed deposits placed with a licensed bank.”

Following the discovery, the board reported the matter to the police and informed the company’s management and staff.

“Active remedial measures are underway,” the statement said. – March 5, 2026