M Malayan Post

Clear, modern coverage of Malaysian news and analysis.

Topic

#efishery-investment

1 story tagged

MOF Confirms eFishery Investment Was Deliberate Fraud; KWAP Pursuing Recovery

Malaysia's Ministry of Finance has confirmed that the Retirement Fund (KWAP) fell victim to a deliberate and carefully orchestrated fraud by Indonesian aquaculture startup eFishery, which manipulated financial records. The pension fund and its consortium partners are pursuing legal action and fund recovery.

· · 4 min read