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Prime Minister Anwar Ibrahim has indicated that preliminary scrutiny of the Retirement Fund Incorporated's RM163.4 million investment in Indonesian aquaculture firm eFishery reveals no apparent impropriety, though he maintains the Malaysian Anti-Corruption Commission must conduct a formal investigation.
Malaysia's anti-corruption agency has formally launched an investigation into a RM163.4 million investment by the pension fund KWAP in fintech startup eFishery, with the chief commissioner pledging transparent procedures.
Malaysia's Parliamentary Public Accounts Committee has not yet determined whether to launch a formal inquiry into the alleged RM200 million fraudulent investment by state pension fund KWAP in Indonesian aquaculture company eFishery.
Finance Minister Anwar Ibrahim has alleged that the Employees Provident Fund was deliberately defrauded in a RM200 million investment into eFishery, with the company's management accused of intentionally falsifying financial documents.