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Free Malaysia Today·4 min read·medium

PM to address KWAP’s eFishery losses in Dewan Negara tomorrow

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PM to address KWAP’s eFishery losses in Dewan Negara tomorrow
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Malaysian Prime Minister Anwar Ibrahim plans to address the Retirement Fund Inc's (KWAP) RM163.4 million investment loss in the Indonesian aquaculture firm eFishery. The loss resulted from a fraud scheme involving the manipulation of financial statements by the company's management.

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KWAP said in a statement yesterday that its total investment in eFishery amounted to RM163.4 million, representing about 2.51% of the company’s total shareholding. (KWAP pic)

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