Government open to RCI into KWAP, EPF if evidence warrants probe

The Malaysian government has expressed openness to investigating the Retirement Fund Incorporated (KWAP) and the Employees Provident Fund (EPF) through a Royal Commission of Inquiry (RCI) if credible evidence warrants such an action, according to a statement from Datuk Seri Azalina Othman Said, Minister in the Prime Minister’s Department (Law and Institutional Reform).

This proposal comes in response to a query from Datuk Seri Dr Shahidan Kassim (Pas-Arau) regarding the government's readiness to consider an RCI into KWAP and EPF, particularly concerning governance, investment management, and potential financial missteps. Azalina clarified that such an inquiry would be subject to the Commissions of Inquiry Act 1950, with the proposal requiring approval from the Cabinet and ultimately the Yang di-Pertuan Agong.

The government's decision to establish an RCI would hinge on the public interest, the gravity of the issues at hand, the availability of facts and evidence, and the necessity for an independent and comprehensive investigation.

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