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Malay Mail·2 min read·medium

MACC steps in over KWAP’s RM200m investment loss linked to Indonesia’s eFishery

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Malay Mail
MACC steps in over KWAP’s RM200m investment loss linked to Indonesia’s eFishery
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The Malaysian Anti-Corruption Commission has launched an investigation into a RM200 million investment loss by the Retirement Fund (Incorporated) involving the Indonesian aquaculture firm eFishery. The fund reportedly fell victim to an organized fraud scheme involving the manipulation of financial statements.

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KUALA LUMPUR, July 18 — The Malaysian Anti-Corruption Commission (MACC) has launched an investigation into the RM200 million investment loss suffered by the Retirement Fund (Incorporated) (KWAP) involving Indonesian aquaculture technology company eFishery.

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MACC steps in over KWAP’s RM200m investment loss linked to Indonesia’s eFishery — Headlinne — headlinne