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Parliament heard that Tabung Haji's RM193.5 million acquisition of a 30 per cent stake in Putrajaya Perdana in 2014 was approved entirely while the company remained under the control of fugitive financier Jho Low, raising fresh questions about due diligence failures.
Prime Minister Anwar Ibrahim has defended the Retirement Fund Inc (KWAP) over a significant loss from its eFishery investment, asserting that the fund's RM12.9 billion annual profit demonstrates robust overall performance and sound stewardship.
Prime Minister Anwar Ibrahim will address Parliament to explain the Civil Service Pension Fund's RM200 million loss from its eFishery investment, emphasizing governmental accountability and transparency in pension fund management.
Prime Minister Anwar Ibrahim has pledged to provide a full account of the Employees Provident Fund's RM200 million investment loss in Indonesian aquaculture technology company eFishery during tomorrow's Dewan Negara session.
KWAP is actively working to recover its RM163.4 million investment in Indonesian aquaculture startup eFishery following discovery of deliberate financial manipulation. The fund has implemented enhanced oversight measures.