Malaysia Investigates State Pension's Failed eFishery Investment The collapse of eFishery, an agritech start up accused of a US$300 million fraud, has raised questions about the investment decisions made by Malaysia's pension fund, KWAP.
The fund invested around 163. 4 million ringgit (approximately US$40 million) in the company, leading to significant financial losses and concerns about due diligence and oversight.
The Malaysian Anti Corruption Commission has formed a team to investigate KWAP's involvement with eFishery.