Malaysian pension fund KWAP moves to contain damage after eFishery fraud shock

Malaysia’s public-sector pension fund, Kumpulan Wang Persaraan (Diperbadankan), or KWAP, has moved to contain concerns over its exposure to eFishery, saying its total investment in the troubled Indonesian aquaculture startup amounted to about US$38.4 million and represented a 2.51 per cent stake in the company. The clarification comes after media scrutiny of eFishery, once one [] The post Malaysian pension fund KWAP moves to contain damage after eFishery fraud shock appeared first on e27 .