Once again news portal Malaysiakini has proven that its operations are not as clear and transparent as its owners would have us believe.
The main site just published a shocking admission that representatives of its board have filed a police report concerning the diversion of RM3,000,000 from its subsidiaries.
The diversion was from third-party entities suspected of running unlicensed investment schemes.
DeKapital understands that at least one of the “key employees” in question has fled the country. Another is believed to be related to one of Malaysiakini’s major shareholders.
It was notable that Malaysiakini did not permit readers to comment on the story, which is not in keeping with the stated transparency of the company.
This stunning revelation comes hot on the heels of previous questionable events such as the arrest of its own reporter Nantha Kumar last year by the MACC after trying to blackmail a whistleblower in an immigration syndicate.
In fact he was charged at the Shah Alam Sessions Court on March 14, 2025 with receiving RM20,000 in exchange for retracting and not uploading articles about a cartel involving foreign workers.
It seems that the whistleblower contacted MACC who then conducted a sting operation and nabbed him in the act of receiving the money.
He claimed he didn’t inform Malaysiakini bosses about what he was doing. This is highly irregular as no reporter goes undercover of their own accord without getting clearance from their editors.
In 2024 CEO Premesh Chandran found himself in the news when his private company, Asia Mobiliti, secured a direct-award contract from the Selangor government despite his and Malaysiakini’s long history of criticising the same practice.
The company was co-founded by Premesh with Ramachandran Muniandy, who is FT Minister Hannah Yeoh’s husband.
The ethical conundrum was compounded when Premesh sought government contracts for his software startup Awatar Innovations Sdn Bhd, which focuses on AI applications for business and government.
He also tried and failed to consolidate power within the Malaysian Media Council, by fielding no less than five proxy candidates from Malaysiakini in an effort to dominate the council’s structure.
Additionally, the company has long faced questions over the transparency of its ownership, funding and a retrenchment exercise carried out in 2024.
More stories:
- https://dekapital.com/2025/12/21/why-did-malaysiakini-turn-against-anwar-and-pakatan-harapan/
- https://dekapital.com/2025/12/11/malaysiakinis-ethical-journalism-fail-media-council-double-standards/
This website has turned into a den of vipers. I used to subscribe. Why bother now?
How they fooled us readers. I used to look up to them. Not any more.
Memalukan perangai Mkini 2026
Malaysiakini 平时最爱讲“透明”，结果现在RM300万被转走，评论区却关掉不让人问。
讲别人就很大声，轮到自己就静静。这样的“双标透明”谁会信？
At this point I don’t know what to believe in anymore… My former heroes when I was in college, now deviant crooks. Malaysiakini how now?
Steven Gan + Prem Chandran whre you want to hid your faces now??
Whose money are they taking?
YOOO that scandal with H Yeoh’s hubby was blooody embarassing. Mkini=Conmen!!!!
🤣🤣🤣🤣 what kind of people they hiring..? like that i also wanna join, get free 3mil
diorg ada jawatan kosong 😜https://m.malaysiakini.com/en/jobs
So nantha kumar masuk penjara tak?
Lol no this is Malaysia(kini) 💀💀
Surely Steven Gan & Premesh Chandran would know this was going on under their nose. Theyre not stupid!!
So many questions, where are the answers 🥱🥱
tables are turning
Some people don’t question Malaysiakini the way Trump supporters don’t question Trump.
Blind? Stupid? You tell me!
Please use your heads..
How the mighty have fallen
People should try going into Mkini office.
The current team are jokers, look them up. The bosses are Ng Ling Fong and RK Anand.
One can’t write or speak properly and always tries to use AI to cover for his weakness. Other too lazy to get out of his chair. Quite a few of the staff got mental health issues.
No wonder that the embezzlers made fools out of them!
Some people don’t question Malaysiakini the way Trump supporters don’t question Trump.
Blind? Stupid? You tell me!