Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam) has demanded an independent investigation into the Employees Provident Fund's (EPF) investment decision regarding its shares in Malaysia Airports Holdings Berhad (MAHB). He criticized EPF for selling shares at a low price and then repurchasing them at a higher price, alleging losses for the fund's stakeholders. Wee raised concerns about the investment strategy and governance of EPF, questioning the rationale behind the decision and calling for transparency in its investment processes.
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"The main issue here was the weakness of EPF’s investment decision involving the country’s strategic assets and governance in handling the contributors’ money," he said during the debate on the motion of thanks on the Royal Address in the Dewan Rakyat on Thursday . "When EPF sold off its shares in MAHB, the price ranged from RM6.74 on Jan 6, 2023, to RM7.70 on Sept 1, 2023, which were the lowest and highest prices respectively in that year.
Chong Ze Min stood up and invoked Standing Order 36 for misleading the august House over the total number of losses allegedly incurred, stating:"There is no short selling, it is a long position ." "During the World Aviation Forum and Changi Aviation Summit in 2022, it was projected that the aviation industry will recover from 2024 and beyond, which means more airport taxes would be collected.
EPF INVESTMENT MAHB SHARE PRICE GOVERNMENT
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