The Malaysian Anti-Corruption Commission (MACC) announced on August 13 that its investigation into KWAP's RM163.4 million investment in Indonesian aquaculture firm eFishery has found no evidence of criminal wrongdoing, corruption, or misappropriation to date [1, 2, 3].
MACC chief commissioner Datuk Seri Abd Halim Aman said the domestic component of the probe is almost 80% complete, with investigators nearing the end of local inquiries [1, 4, 2, 3, 5]. "It can be reported that the domestic investigation is almost complete. We are now awaiting procedures to obtain Mutual Legal Assistance from several countries," he said, adding the international aspect may take additional time due to necessary legal processes [2].
Nineteen individuals have been called to assist and had their statements recorded, including officers from KWAP, the Finance Ministry, and Khazanah, according to Abd Halim [1, 2, 3, 5]. "No arrests have been made as we have not found it necessary to do so at this stage. However, the investigation is still ongoing," he added [1].
The investigation also examines governance issues relating to the investment, including the procedures, regulations, and guidelines that apply, assessing whether improvements are needed [5].
To obtain a full picture, MACC is seeking financial information and documents from overseas banks in Singapore, Indonesia, the United States, and Abu Dhabi through Mutual Legal Assistance (MLA) channels [1, 2, 3, 5].
The RM163.4 million investment by KWAP in eFishery has drawn close scrutiny, but so far no evidence justifies arrests or formal charges [1, 2, 3]. The probe is continuing while legal steps proceed to obtain overseas evidence.
The next step involves completing the MLA process with the foreign jurisdictions. MACC will then review the foreign-sourced documents and finalize its findings.
