Although the Employees Provident Fund (EPF) has the prerogative to invest its funds overseas after due diligence, why does it have to be a hefty "three to four billion dollars" in the United States, asked a DAP lawmaker today.

In a statement, Petaling Jaya Utara MP Tony Pua said this in response to Prime Minister Najib Abdul Razak, who had rubbished talks of political intervention in the investment decision for infrastructure development stateside.

"Since Najib claimed that the decision was not 'made by politicians', we would like to ask him if the EPF investment committee has already made the decision to invest 'three to four billion dollars' to support infrastructure redevelopment in the United States?

"We are not questioning the right for EPF to invest overseas. It is EPF’s prerogative to invest a certain amount of funds overseas after the necessary analysis and due diligence have been carried out by the investment committee.

"However, as far as Malaysians are aware, there has been no such definitive resolution or commitment by the EPF to make the specified amount of investment," he said...