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The Malaysian Anti-Corruption Commission is nearing the end of its domestic investigation into the KWAP eFishery controversy, though final conclusions depend on obtaining banking records from overseas financial institutions.
Prime Minister Anwar Ibrahim says preliminary findings indicate no misconduct in KWAP's RM163.4 million investment in Indonesian aquaculture firm eFishery, yet maintains the Malaysian Anti-Corruption Commission should conduct a thorough investigation.
Prime Minister Anwar Ibrahim has urged a balanced evaluation of KWAP's performance, highlighting its RM12.9 billion net profit and robust investment returns despite controversy over its eFishery stake.
Prime Minister Anwar Ibrahim has committed to addressing Parliament's concerns over KWAP's RM163.4 million investment losses in Indonesian aquaculture technology company eFishery, despite the fund's autonomous governance structure.
Malaysia's anti-corruption agency has begun investigating how the state retirement fund lost RM200 million in an Indonesian aquaculture technology venture, raising questions about pension fund governance and investment oversight.
Prime Minister Anwar Ibrahim has disclosed that Malaysia's Retirement Fund (KWAP) was deceived into investing nearly RM200 million in Indonesian aquaculture company eFishery through sophisticated falsification of financial data.