The Malaysian Anti-Corruption Commission (MACC) launched an investigation on July 17, 2026, into investments made by the Retirement Fund (Incorporated) (KWAP) [1, 2, 3]. MACC identified Dubai, Singapore, and Indonesia as key jurisdictions for Mutual Legal Assistance (MLA) to obtain documents and evidence related to the KWAP investments [1, 4, 5, 6, 2, 3]. MACC Chief Commissioner Datuk Seri Abd Halim Aman said, "We believe there are documents relating to these investments that are held abroad. We will work with the AGC to secure the necessary cooperation for the MLA process. The countries we are focusing on are Dubai (UAE), Singapore and Indonesia." [1]
MACC has worked closely with the Attorney General's Chambers (AGC) to initiate the MLA requests [1, 4, 5, 6, 2, 3]. The commission has already examined internal documents from KWAP and the Ministry of Finance [1, 2, 3] and collected statements from 20 witnesses, including officials from KWAP, MOF, and members of KWAP's Investment Committee and investment panels [1, 2, 3]. MACC has also sought assistance from Bank Negara Malaysia to access financial intelligence through the Egmont Group to trace affiliated companies in Indonesia and Singapore and review Cash Transaction and Suspicious Transaction Reports regarding individuals and entities linked to the inquiry [1, 4, 5, 6, 2, 3].
The investigation includes approximately RM200 million that KWAP invested in the Indonesian aquaculture technology company eFishery [4, 5, 6, 2, 3]. Datuk Seri Abd Halim Aman expressed hope for cooperation from foreign authorities to assist with tracing assets and financial flows connected to the case, saying, "We hope to get the cooperation from the relevant authorities in these countries to facilitate efforts to trace assets and financial flows under investigation." [4]
He emphasized the importance of conducting the investigation with integrity. "We must carry out our responsibilities with sincerity, honesty and full commitment. Perceptions will always exist, but confidence in the integrity of the process and the professionalism of officers must be upheld," he said [7]. After completing the probe and internal reviews, MACC will submit its findings to the Attorney-General, who will decide on prosecution [8].
The MLA process is expected to take longer due to the involvement of multiple jurisdictions and the need for foreign cooperation, according to MACC [1, 2, 3]. The agency continues to handle the investigation professionally despite public skepticism surrounding such probes [7, 8].
