A few days back we were informed by the finance ministry (MOF) that EPF did not show a loss of RM6 billion in its investment value in 10 public listed companies (PLCs) in its financial statement. There are other things that EPF has not told us.
Below is an agreement between TJJR DIVERSIFIED (M) SDN BHD and PROFIT INC. DEVELOPMENT LIMITED of HONG KONG in which TJJR DIVERSIFIED (M) SDN BHD “HAVE THE ABILITY, AND IS READY, WILLING AND ABLE TO PROVIDE A SCRIPT LESS BONDS OF GOVERNMENT/GOVERNMENT LINK-COMPANIES OWNED BY EPF FOR THE TOTAL HOLDING AMOUNT OF RINGGIT MALAYSIAN TEN BILLION SIX HUNDRED FOURTY MILLION (RM 10,640,000,000.00 Bond invoice No. CCC 0003-08202015-08302025-1) FOR INVESTMENT PURPOSES.
Over RM 10 billion of EPF owned Bonds made available to TJJR (M) Sdn Bhd for investment purposes? Just who the F**K is TJJR DIVERSIFIED (M) SDN BHD and why is EPF investing RM 10.6 billion of OUR money through this company?