Malaysiakini News

KWAP: Uber investment made in accordance to 'governance structure'

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The Retirement Fund Incorporated (KWAP) today insisted that its investment in e-hailing company Uber was made in accordance with KWAP's governance structure and internal processes.

"We would like to clarify that all our investments, including KWAP's investment in Uber were made following Kwap's governance structure and internal processes which encompassed thorough investment evaluation and assessments.

"We would like to reiterate our commitment to our mandate in delivering continued progress to pensioners and civil servants to ensure a sustainable growth in fund size and ultimately boosting the fund performance," KWAP said in a statement today...

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