MACC Probes KWAP's RM200 Million E-Fishery Loss, Forms Team on July 17
Updated
Updated · The Star Online · Jul 18
MACC Probes KWAP's RM200 Million E-Fishery Loss, Forms Team on July 17
3 articles · Updated · The Star Online · Jul 18
Summary
RM200 million in losses at Malaysia's Retirement Fund Inc. has triggered a MACC investigation into its investment in Indonesian aquaculture technology company E-Fishery.
July 17 marked the formation of a special investigation team, which chief commissioner Abd Halim Aman said will examine the case comprehensively under existing laws.
MACC said it will scrutinize all aspects of the reported losses and conduct the probe fairly and transparently.
Public speculation could confuse the case and undermine the investigation's integrity, Abd Halim said, signaling a tightly controlled early-stage probe.