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Malaysia's anti-corruption agency is activating international legal channels to investigate retirement fund investments across multiple jurisdictions, signalling a complex cross-border inquiry.
Kampar MP Chong Zhemin has rejected PAS Youth's demand that Prime Minister Anwar Ibrahim resign over losses from KWAP's eFishery investment, accusing the opposition group of weaponising a corporate fraud matter for political advantage.
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.
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.