KUALA LUMPUR, July 20 — The government will not compromise on any corruption or fraud in the Retirement Fund (Incorporated) (KWAP) investments in the aquaculture technology start-up company eFishery, said Prime Minister Datuk Seri Anwar Ibrahim.
Although the initial report indicated no such elements had occurred, the Malaysian Anti-Corruption Commission (MACC) must investigate the entire investment process.
Anwar, who is also the Finance Minister, said he had met with KWAP management and stated the need for full cooperation during the investigation.
“I have met with KWAP management to state (that they) must cooperate fully. Even looking at the initial report, I do not believe there are such elements. I would like to stress that we cannot compromise on any fraud or corruption.
“That is why, even though we think so, the MACC should also examine the investment process and the decisions made by the investment panel, which are ultimately agreed upon by the board,” he said during the Oral Answers session at the Dewan Negara today.
The Prime Minister was replying to Senator Mohd Hasbie Muda's query about the government’s strategy to ensure that the national retirement funds, namely the Employees Provident Fund and KWAP, can deliver the best dividends despite global geopolitical uncertainty.
Anwar also responded to Senator Wan Martina Wan Yusoff's supplementary query on the state of the government’s transformation efforts to determine which companies will be the destinations of investment, and what guarantees there are to ensure the rakyat’s money will continue to be protected in every investment.
