News about Retirement Fund

KUALA LUMPUR (May 6): Datuk Seri Najib Razak's (pictured) second SRC International Sdn Bhd trial for three money laundering charges involving RM27 million, scheduled in July, has been shelved until March next year.

KUALA LUMPUR (Oct 22): Retirement Fund (Inc), which is also known as Kumpulan Wang Persaraan (Diperbadankan) (KWAP), said its service counters in Cyberjaya, Selangor, have been closed from today until Tuesday (Oct 27) following the government’s updated announcement on the conditional movement control order (CMCO) across Selangor, Kuala Lumpur and Putrajaya to curb the spread of the Covid-19 pandemic.

KUALA LUMPUR (Dec 11): Former prime minister Datuk Seri Najib Razak contended that it was the responsibility of the management in SRC International Sdn Bhd to retrieve the funds back from the company's frozen bank account in Switzerland, not him.

KUALA LUMPUR (Dec 11): Former prime minister Datuk Seri Najib Razak today claimed he did not know how funds in SRC International Sdn Bhd were spent after the RM2 billion loan was disbursed by the Retirement Fund Inc (KWAP).

KUALA LUMPUR (Dec 11): The decisions regarding the initial loan application to Retirement Fund Incorporated (KWAP) amounting to RM3.

KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay back more than RM9.

KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (May 31): Boustead Holdings Bhd, the key contributor to Retirement Fund (Incorporated)’s (KWAP) dividend, slipped into the red for the first quarter ended March 31 (1QFY19), posting a net loss of RM22.