KUALA LUMPUR: The Employees Provident Fund (EPF) has clarified that the repayments of RM21.16 billion to government-owned Pembinaan PFI Sdn Bhd are currently in order.
Its clarification follows a report by a local news daily that the Malaysian Anti-Corruption Commission (MACC) is investigating the operations and deals done by Pembinaan PFI, for any possible breaches.
In a statement today, the EPF said that it provided the funding to Pembinaan PFI as capital to fund development projects identified by the government.
"The financing was within the EPF's risk return profile and a comprehensive documentation process was conducted to ensure that the basis of the investment was fair and reasonable,” it said, via a statement.
"All sources of repayments are from the government and are currently in order.”
It then went on to say that all investment decisions conform to its mandate to protect members' savings and interest.