The country's institutional investors overseeing public funds, such as the Employees Provident Fund (EPF) and Lembaga Tabung Haji, have been urged by PKR vice-president Rafizi Ramli to stay away from the planned initial public offering by Edra Power Holdings Sdn Bhd, a former subsidiary of 1MDB.

"I urge public institutional investments and funds, particularly the EPF, Tabung Haji, Retirement Fund Incorporated (KWAP), Social Security Organisation (Socso), Permodalan Nasional Bhd (PNB), Khazanah, Mara and others to stay away and boycott the listing of Edra.

"(This) is to avoid public funds from becoming involved in the 1MDB scandal for the second time," Rafizi said in a statement today...