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The Malaysian Anti-Corruption Commission is poised to reveal new developments in its ongoing probe into the Employees Provident Fund's RM200 million investment in eFishery, an Indonesian aquaculture technology company.
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.
Prime Minister Anwar Ibrahim will address Parliament tomorrow on the Retirement Fund's RM200 million loss from an investment in Indonesian aquaculture technology company eFishery, which fell victim to fraud.
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.
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.