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Malaysia's anti-corruption agency has found no graft elements in its ongoing investigation into KWAP's eFishery venture, but is seeking assistance from Singapore and Indonesia to record statements and obtain critical documents.
Malaysia's Retirement Fund Incorporated generated RM12.9 billion in investment earnings, but this remains insufficient to meet the government's nearly RM45 billion annual pension liability, according to Prime Minister Anwar Ibrahim.
Prime Minister Anwar Ibrahim has called for a balanced evaluation of KWAP's performance, highlighting its RM12.9 billion net profit and 8.5 per cent compound annual growth rate while addressing concerns over specific investments.
KWAP's substantial losses in Indonesian start-up eFishery expose critical gaps in how Malaysia's retirement fund safeguards public savings. The Finance Ministry must provide transparent answers on what went wrong.
Prime Minister Anwar Ibrahim has defended the Retirement Fund Inc (KWAP) over its eFishery investment loss, arguing the fund's RM12.9 billion annual profit demonstrates sound overall performance and places the setback in perspective.
The Retirement Fund (Incorporated) has confirmed it lost RM163.4 million in the eFishery fraud scandal and is now pursuing recovery through legal channels, highlighting governance concerns.
The Malaysian Anti-Corruption Commission has opened an investigation into the Employees Provident Fund's RM163.4 million investment in Indonesian aquaculture firm eFishery, with the agency pledging a transparent and impartial process.
Malaysia's anti-corruption watchdog has launched a formal investigation into a RM200 million investment loss incurred by KWAP, the Employees Provident Fund's investment arm, involving a stake in Indonesian aquaculture platform eFishery.
Malaysia's Retirement Fund (KWAP) is continuing efforts to recover its RM163.4 million investment in eFishery after discovering the Indonesian aquaculture startup engaged in deliberate financial manipulation and embezzlement.
Malaysia's anti-corruption watchdog has opened a formal investigation into substantial losses incurred by the national pension fund KWAP in its investment with Indonesian aquaculture technology company eFishery, signalling heightened scrutiny of major institutional financial decisions.
Parliament's Public Accounts Committee has postponed its decision on whether to launch a formal inquiry into RM200 million in alleged losses by Malaysia's sovereign pension fund KWAP in Indonesian aquaculture platform eFishery.
Prime Minister Anwar Ibrahim has disclosed that the government's Retirement Fund (Incorporated) was deceived into investing RM200 million in eFishery, despite completing proper due diligence procedures, raising fresh concerns about investment governance.
Finance Minister Anwar Ibrahim has accused the management of eFishery of deliberately defrauding the Employees Provident Fund's investment arm through manipulated financial documentation, resulting in losses of RM200 million.