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Malaysia's Retirement Fund Incorporated earned RM12.9 billion from investments last year, yet this falls far short of the RM45 billion annual cost of government pension obligations, highlighting growing fiscal pressures.
Prime Minister Anwar Ibrahim has declared the government will not tolerate any corruption or fraud in KWAP's investment in eFishery, an aquaculture technology firm, while ordering the MACC to conduct a thorough probe.
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.