No graft elements found in KWAP eFishery probe so far
MACC needs the help of Singaporean and Indonesian authorities to record the statements of several people and obtain certain documents.
The Malaysian Anti-Corruption Commission (MACC) has not discovered any evidence of corruption in its investigation into the Retirement Fund (Incorporated) (KWAP) investment in Indonesian aquaculture technology firm eFishery, according to a recent report. The probe, which began after KWAP lost RM163.4 million due to eFishery's manipulated financial reports, is ongoing.
MACC chief Abd Halim Aman stated that 19 individuals have provided statements to assist with the investigation, including officers from KWAP, the Treasury, and Khazanah Nasional Bhd. However, no arrests have been made yet, as the agency sees no need to detain anyone at this stage. The investigation also includes elements of potential money laundering, and MACC is seeking cooperation from Singaporean and Indonesian authorities to obtain necessary documents.
This process is expected to take time due to the requirement of mutual legal assistance through the Attorney-General's Chambers. In September, the finance ministry reported that KWAP had fallen victim to alleged organized fraud in eFishery following the management's manipulation of financial records. KWAP had invested RM163.4 million in the Indonesian firm, which constituted 2.51% of its total shareholding.
Last year, eFishery co-founder Gibran Huzaifah received a nine-year jail sentence in Indonesia for embezzlement and money laundering.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- No graft elements found in KWAP eFishery probe so far freemalaysiatoday.com
- MACC’s KWAP eFishery probe is almost done at home — now it’s waiting on overseas banks malaymail.com
