KWAP investment probe extended to Dubai, Singapore and Indonesia, says MACC
The Malaysian Anti-Corruption Commission (MACC) is seeking international legal assistance from Dubai, Singapore, and Indonesia to investigate investment activities involving the Retirement Fund (KWAP). Investigators are tracing financial documents and intelligence to establish the standing of entities linked to the probe.
Why it matters
This investigation into a major national pension fund involves significant cross-border financial scrutiny and potential corruption allegations.
MELAKA: The Malaysian Anti-Corruption Commission (MACC) has identified Dubai, Singapore and Indonesia as the three key jurisdictions from which it intends to obtain documents through the Mutual Legal Assistance (MLA) process as part of its investigation into investment activities involving the Retirement Fund (Incorporated) (KWAP).
MACC chief commissioner Datuk Seri Abd Halim Aman said the commission is working with the Attorney General's Chambers (AGC) to initiate the MLA process after determining that key documents related to the investments are believed to be located overseas.
He said investigators have so far examined documents obtained from KWAP and the Finance Ministry.
"We believe there are documents relating to these investments that are held abroad. We will work with the AGC to secure the necessary cooperation for the MLA process.
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