The EPF reassured its members that it has a strong and robust governance framework in place to prevent fraud on its members
KUALA LUMPUR: The Employees Provident Fund (EPF) clarified that the purchase of Sungai Buloh land by its wholly-owned subsidiary, Kwasa Land Sdn Bhd in 2012 has been conducted in a professional manner.
In a statement, the EPF stated the purchase of 944.13ha land from Aset Tanah Nasional Bhd (ATNB), a 100%-owned special purpose vehicle by the Finance Ministry was done at an arm’s length basis for the development of Kwasa Damansara.
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