PETALING JAYA: A letter containing an explanation and evidence regarding the sale of Malaysia Airport Holdings Berhad (MAHB) shares by the Employees Provident Fund’s (EPF) has been submitted to the Dewan Rakyat, says Ayer Hitam MP Datuk Seri Dr Wee Ka Siong (pic).
“I have just submitted my letter to the Dewan Rakyat Speaker following the motion by YB Kampar (Kampar MP Chong Zhemin) to refer me to the Parliamentary Rights and Privileges Committee.
“The letter includes an explanation and evidence regarding the sale of MAHB shares by EPF, which has caused losses to contributors,” said Dr Wee on his social media pages on Thursday (Feb 27).
On Wednesday (Feb 26), Dr Wee had said that he is preparing to face the Parliamentary Rights and Privileges Committee after being referred by the Kampar MP.
"I am now getting the documents ready to prove that there are indeed red flags in the Employees Provident Fund's (EPF) sale of Malaysia Airport Holdings Berhad (MAHB) shares," he said.
This comes after Dr Wee had called for an independent probe into EPF’s investment decision regarding its shares in MAHB.
He said that EPF’s decision to sell at a low price before buying the shares again at a higher price is causing losses to the rakyat, who are the main stakeholders of the investment fund.
He said that EPF’s shareholding was reduced from 15.5% to 5.79% and was bought back at 30% with a higher share price.
He then urged the Finance Ministry or EPF to issue a clarification over media reports on the total profits made from the sale of MAHB shares in 2023.
