Dispose of investments in 1MDB, Harapan leaders tell EPF

Modified 22 Feb 2017, 2:07 pm

Pakatan Harapan leaders today urged the Employees Provident Fund (EPF) to dispose of its investments in 1MDB as soon as possible.

In a joint statement signed by Parti Amanah Negara’s Dzulkefly Ahmad, PKR’s Wong Chen and DAP’s Teresa Kok, the opposition coalition claimed that the decrease in EPF’s 2016 dividend rate was due to EPF’s investment amounting to RM1.72 billion in 1MDB.

Apart from the EPF, Pakatan Harapan also urged government institutions such as Tabung Haji and Retirement Fund Inc (KWAP) to dispose their investments in state investment fund.

The EPF, they said, was facing financial problems which would in turn affect EPF depositors.

“EPF’s investment of RM1.72 billion is a huge amount, more so since the funds are from the people’s savings,” they said.

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