No criminal activity, bribery found in KWAP investment probe so far
Translated from Malay, summarized and contextualized by DistantNews.
At a glance
- Malaysian authorities found no signs of criminal activity, bribery, or embezzlement in their investigation into the Retirement Fund Inc. (KWAP).
- The investigation is nearing completion domestically, with authorities awaiting financial documents and testimony from overseas banks.
- 19 individuals from KWAP, the Finance Ministry, and Khazanah Nasional Berhad have been questioned, but no arrests have been made yet.
Malaysian authorities have stated that their investigation into the investments of the Retirement Fund Inc. (KWAP) has so far uncovered no evidence of criminal activity, bribery, or embezzlement. The Malaysian Anti-Corruption Commission (SPRM) is nearing the completion of its domestic inquiries, with Chief Commissioner Datuk Seri Abd. Halim Aman indicating that the investigation is proceeding smoothly.
"To date, 19 individuals have been called to assist in the investigation and provide their statements," Aman said at a press conference in Kuching, Sarawak. These individuals include officials from KWAP, the Ministry of Finance, and Khazanah Nasional Berhad. He clarified that no arrests have been made as there has been no perceived need for them at this stage, but the investigation is ongoing.
The SPRM is currently focused on obtaining information and financial documents from overseas banks in Singapore and Indonesia. Authorities are also working to gather testimony from identified witnesses who are currently abroad. Aman explained that the process of obtaining Mutual Legal Assistance (MLA) from several foreign countries is underway and is not facing significant issues, though it may take time due to necessary legal procedures.
The investigation is expected to conclude once all necessary information and documentation from abroad are received. The SPRM has seized both the bus and the Laguna involved in the crash, and further legal action is pending.
Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.