Everyone knows how fat EPF can be. It is probably one of the largest investors around Malaysia. They invest with all our hard earned money. But how secure are their investments?
In a rather interesting news report from The Star, EPF was nearly conned RM15million. For such amount which may seem miniscule to EPF, it is a rather material amount and should have at least perform some kind of company search. The man selling the stake to EPF has already been “forced” to resign. Shouldn’t that be a signal to EPF if they have checked the appropriate company’s register?
Such simple search would have prevented EPF from embarassment like this. I wonder if there had been similar incidents in the past.
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