The Employees Provident Fund (EPF) strongly refutes the statements by Sarawak Report in its blog and Facebook posting today. The EPF has never had any dealings nor entered into any agreements of any sort with Limage Holdings SA, Limage Southwest Holdings, the individual known as Mr Matrai nor any parties as stated by the Sarawak Report. As such, no transfer of bonds nor funds of any kind to any of the aforementioned companies, parties or individual could have occurred as alleged.
The chronological order of events known to the EPF are as follows:
The EPF states that any schemes of these nature would not pass the EPF’s strong and robust governance framework. Before any investment decisions are made, our governance process requires all proposals to be subject to stringent risk assessment and due diligence by management. All approvals must go through the Management Investment Committee for endorsement before being put up to the Investment Panel for final approval. The Investment Panel comprises industry professionals, senior members of EPF management, Bank Negara Malaysia and the Government. The EPF remains steadfast in fulfilling our mandate to protect and safeguard our members’ savings.
Corporate Affairs Department
Employees Provident Fund
Date: 28 February 2018