MACC probe into KWAP’s eFishery investment ongoing, Finance Ministry says

KUALA LUMPUR, Oct 29 — The Malaysian Anti-Corruption Commission (MACC) is still investigating Retirement Fund Incorporated’s (KWAP) investment in Indonesian aquaculture technology company eFishery, the Ministry of Finance (MoF) said yesterday.

The ongoing investigation has not uncovered any evidence of criminal wrongdoing involving corruption or misappropriation, as reported by the media on August 13, 2026, the ministry said.

KWAP has also cooperated with relevant authorities and the investor consortium in taking appropriate action against those responsible, MoF added.

“At the same time, efforts are continuing through appropriate channels to maximise the recovery of the investment value,” it said in a written reply on the Parliament website yesterday.

MoF was responding to a question from Tuan Kalam Salan (PN-Sabak Bernam), who wanted to know KWAP’s investment of about RM200 million in eFishery.

Tuan Kalam also requested clarification on the investment approval, the parties responsible for the due diligence failure, total losses, and whether KWAP will take action against the negligent, MoF said.

The eFishery investment underwent established assessment and governance processes, including verification by a qualified international auditor based on the information available at the time, MoF said.

The company was, however, subsequently found to have engaged in financial manipulation and misrepresentation of facts in its financial reports.

“The assessment process before investment approval also included internal evaluations, independent due diligence, and reviews of financial, legal and operational aspects. Several major global institutional investors were also affected by the misconduct,” the ministry said.

The actual investment amounted to RM163.4 million, a 2.51 per cent equity stake.

KWAP is a minority shareholder in eFishery. Other investors, including major global institutional investors, hold most of the company’s shares, it added. — Bernama

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吉隆坡，10 月 29 日——马来西亚财政部昨日表示，马来西亚反贪污委员会 (MACC) 仍在调查退休基金公司 (KWAP) 对印尼水产养殖技术公司 eFishery 的投资。

该部表示，正在进行的调查尚未发现任何涉及腐败或挪用公款的犯罪行为证据，正如媒体在2026年8月13日报道的那样。

财政部补充说，KWAP 还与相关部门和投资者财团合作，对相关责任人采取了适当的行动。

“与此同时，我们正通过适当渠道继续努力，最大限度地收回投资价值，”议会昨天在网站上发表的书面答复中表示。

财政部是在回应来自沙白安南国民联盟的卡拉姆·萨兰议员的提问，他想知道KWAP在电子渔业领域约2亿令吉的投资情况。

财政部表示，卡拉姆先生还要求澄清投资审批、尽职调查失败的责任方、总损失以及KWAP是否会对疏忽方采取行动等问题。

财政部表示，eFishery投资项目经过了既定的评估和治理流程，包括由合格的国际审计师根据当时可获得的信息进行核实。

然而，该公司随后被发现存在财务操纵和财务报告中歪曲事实的行为。

“投资审批前的评估流程还包括内部评估、独立尽职调查以及对财务、法律和运营方面的审查。一些主要的全球机构投资者也受到了此次不当行为的影响，”该部表示。

实际投资额为1.634亿令吉，占股2.51%。

KWAP是eFishery的少数股东。该公司补充说，其他投资者，包括主要的全球机构投资者，持有该公司的大部分股份。——马新社

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