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Prime Minister Anwar Ibrahim has defended the Retirement Fund (Incorporated) KWAP's track record, emphasizing its RM12.9 billion net profit and 8.5% compound annual growth rate, while addressing concerns over the eFishery investment.
The Retirement Fund Incorporated's substantial losses from its eFishery investment expose governance weaknesses in how public retirement savings are managed and monitored, demanding transparent investigation and reform.
Prime Minister Anwar Ibrahim has declared the government will take no position of compromise regarding any potential corruption or fraud in KWAP's investment in eFishery, an aquaculture technology start-up, while calling for a comprehensive MACC investigation.
Prime Minister Datuk Seri Anwar Ibrahim will appear in the Dewan Negara to clarify the Retirement Fund Incorporated's controversial investment in eFishery, addressing parliamentary scrutiny over the fund's capital allocation.