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Prime Minister Anwar Ibrahim has stated that the Retirement Fund (Incorporated) was deceived into a RM200 million investment in eFishery despite undertaking proper due diligence procedures, signalling governance concerns.
Finance Minister Anwar Ibrahim has alleged that the government pension fund KWAP fell victim to deliberate fraud in a RM200 million investment in eFishery, with company management accused of intentionally manipulating financial statements.
Malaysia's anti-corruption agency has initiated a formal investigation into the Kumpulan Wang Persaraan Pengajar (KWAP) Teachers' Provident Fund's RM163.4 million investment in aquaculture technology company eFishery, with authorities pledging transparent and impartial proceedings.