South China Morning Post10h agoSource

Malaysia investigates state pension’s failed eFishery investment

The News

Malaysia's anti-corruption agency is investigating losses from a state pension fund's investment in Indonesian agritech startup eFishery. The Malaysian Anti-Corruption Commission has formed a team to examine the matter. Chief Commissioner Abdul Halim Aman stated the investigation will be conducted fairly and transparently. The case highlights risks in public pension fund investments in startups.

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The Analysis

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Analyzed

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Why it matters

State pension fund KWAP invested in eFishery, an Indonesian agritech start-up that failed.

Evidence

A team was formed on Friday to study and examine the issue thoroughly.

Uncertainty

4 claims still need verification.

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Key findings

0 assessed·4 unverifiable
Unconfirmed

Malaysian Anti-Corruption Commission Chief Commissioner Abdul Halim Aman stated that the investigation will be conducted fairly, transparently, and impartially.

South China Morning Post
Economicscore: 75
  • State pension fund KWAP invested in eFishery, an Indonesian agritech start-up that failed.
  • The investment resulted in losses prompting an investigation.

Plain English

Malaysia’s anti-corruption agency has opened an investigation into losses tied to state pension fund Kumpulan Wang Persaraan Diperbadankan’s investment in Indonesian agritech start-up eFishery. A team was formed on Friday to “study and examine the issue thoroughly,” Malaysian Anti-Corruption Commission Chief Commissioner Abdul Halim Aman said in a statement on Saturday.

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What's next

This angle has contested claims

Claims

4 claims checked
0 assessed|0 inaccurate|4 unverifiable
Unconfirmed

Malaysian Anti-Corruption Commission Chief Commissioner Abdul Halim Aman stated that the investigation will be conducted fairly, transparently, and impartially.

South China Morning Post
Unconfirmed

Malaysia's anti-corruption agency has opened an investigation into losses tied to state pension fund Kumpulan Wang Persaraan Diperbadankan's investment in eFishery.

South China Morning Post
Unconfirmed

A team was formed on Friday to study and examine the issue thoroughly.

South China Morning Post
Unconfirmed

eFishery is a failed Indonesian agritech start-up.

South China Morning Post
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