KUALA LUMPUR — Feb. 28, 2018: The Employees Provident Fund (EPF) has provided details to refute statements from Sarawak Report in its blog and Facebook page.
In a statement today, EPF makes clear that it has never had any dealings nor entered into any agreements with Limage Holdings SA, Limage Southwest Holdings, the individual known as Matrai nor any party as stated by Sarawak Report.
Hence, no transfer of bonds nor funds of any kind to any of the aforementioned companies, parties or individual could have occurred.
According to the EPF, a fake Letter of Indemnity dated August 20, 2015, addressed to Gyorgy Matrai of Limage Holding S.A. alleging an agreement between EPF and Limage Holdings S.A. was made known to it on October 26, 2015.
Since this was clearly a falsified document, EPF lodged a police report two days later.
“A Letter of Award (LOA) titled ‘Development and Construction of Integrated Medical City Project For EPF’ from TripleNiceTales Sdn. Bhd. dated May 18, 2015, was also made known to EPF on February 24, 2016.
As there were third parties misusing EPF’s name and suspicion of fraud was involved, EPF lodged another police report on February 26, 2016, stating that it had no knowledge nor involvement in the transaction referred to in the LOA.
The involvement of Ladylaw Securities Pte Ltd and Nic Manikis was made known to EPF on January 20, 2017, and a police report was made three days later, stating that EPF had no knowledge nor was involved in any investment transaction with Ladylaw Securities nor Nik Manikis, said the statement.
The fund emphasised that any schemes of these nature would not pass its strong and robust governance framework.
“All approvals must go through the Management Investment Committee for endorsement before being put up to the Investment Panel for final approval,” it said.
The Investment Panel comprises industry professionals, senior members of EPF’s management, Bank Negara Malaysia and the government. — Bernama