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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.
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.
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.