Wire flash
FinanceMalaysian authorities have initiated an immigration investigation into a technology startup school located in Johor's Forest City, a US$100 billion development by Chinese real estate developer Country Garden Holdings. The probe comes just months after prominent investor Balaji Srinivasan pitched the school, known as Network School. The investigation focuses on immigration-related matters concerning the institution, which is part of a broader effort to regulate foreign-run educational entities in Malaysia. The school aims to train technology entrepreneurs and has drawn attention due to its high-profile backer and location in the ambitious but struggling Forest City project. The outcome of the probe could impact the school's operations and Srinivasan's ventures in the region.
The Business TimesRegional
Malaysia revokes Network School licence; founder moves to Kazakhstan