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Free Malaysia Today·3 min read·hard

KWAP was duped into RM200mil eFishery venture, says Anwar

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KWAP was duped into RM200mil eFishery venture, says Anwar
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Malaysian Prime Minister Anwar Ibrahim stated that the Retirement Fund Inc (KWAP) was defrauded of RM200 million by the Indonesian aquaculture startup eFishery. The company's management allegedly manipulated financial statements, leading to losses for several major international investors.

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KWAP has a robust and transparent investment governance framework, where all investments undergo due diligence before gaining approval, says finance minister Anwar Ibrahim.

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