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The Malaysian Anti-Corruption Commission has found no evidence of graft in its ongoing investigation into KWAP's eFishery project, though the probe requires cooperation from Singapore and Indonesia to interview witnesses and gather documents.
The Malaysian Anti-Corruption Commission is enlisting authorities in Dubai, Singapore and Indonesia through formal mutual legal assistance procedures to investigate investments made by the Retirement Fund Incorporated.
Malaysia's pension fund KWAP has been advised it can pursue civil litigation to recover RM163 million lost in an Indonesian aquaculture firm investment, stemming from alleged accounting fraud by company executives.
The MACC is poised to release an update on its investigation into Kumpulan Wang Persaraan Pilihan's RM200 million investment in eFishery, an Indonesian aquaculture technology company, potentially this week.
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.
Malaysia's pension fund KWAP generated RM12.9 billion in investment earnings, but this falls significantly short of the government's RM45 billion annual pension commitments, raising sustainability concerns.
Prime Minister Anwar Ibrahim has defended the Retirement Fund (KWAP) performance, highlighting its RM12.9 billion net profit and 8.5% compound annual growth rate. He acknowledged investment losses while contextualising KWAP's broader strategy.
Prime Minister Anwar Ibrahim has called for the Malaysian Anti-Corruption Commission to investigate the Retirement Fund Incorporated's RM163.4 million investment in Indonesian aquaculture firm eFishery, despite preliminary reviews suggesting no impropriety.
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.
Malaysia's anti-corruption watchdog has initiated a formal investigation into RM200 million in losses incurred by the Retirement Fund (KWAP) through its investment in eFishery, an Indonesian aquaculture technology platform.
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.