A LETTER containing an explanation and evidence regarding the sale of Malaysia Airport Holdings Bhd (MAHB) shares by the Employees Provident Fund (EPF) has been submitted to the Dewan Rakyat, says Datuk Seri Dr Wee Ka Siong.
The Ayer Hitam MP said he submitted the letter to the Dewan Rakyat Speaker following the motion by Chong Zhemin (PH-Kampar) to refer him 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,” Dr Wee stated on his social media pages yesterday.
On Wednesday, Dr Wee said he was 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 EPF’s sale of MAHB shares,” he said.
Dr Wee had previously called for an independent investigation into EPF’s investment decision, questioning the fund’s move to sell its MAHB shares at a low price before repurchasing them at a higher price.
He claimed this resulted in losses for the rakyat, who are the main stakeholders.
Dr Wee pointed out that EPF’s shareholding in MAHB had dropped from 15.5% to 5.79% before being bought back at 30% with a higher share price.
He also 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.
Meanwhile, Finance Minister II Datuk Seri Amir Hamzah Azizan reiterated that EPF did not incur any losses in its sale and repurchase of MAHB shares.
“I want to take this opportunity to clarify to Kampar MP that there are no losses recorded by the EPF regarding the MAHB matter.
“With that, YB Kampar does not need to resign,” said Amir in his winding-up speech following debates on the Auditor-General’s report.
On Feb 5, Chong said he would retire from politics if it was proven that EPF had suffered losses in the MAHB privatisation deal.
