PAC to probe RM500mil EPF loss, may summon Loke

THE Public Accounts Committee (PAC) plans to summon key individuals including Transport Minister Anthony Loke Siew Fook over allegations of a RM500mil loss in the Employees’ Provident Fund’s (EPF) share transactions involving Malaysia Airports Holdings Bhd (MAHB).

PAC chairman Datuk Mas Ermieyati Samsudin stated that the hearings, beginning in the second week of this month, will also cover MAHB’s delisting, high ticket prices and Aerotrain delays. Concerns were raised about EPF selling MAHB shares at RM6.74 per unit and later repurchasing them at RM11.

PAC has scheduled 45 meetings, including investigations into land development, train leasing, healthcare costs and Khazanah Nasional’s investments.

“We previously summoned MAHB to discuss several matters. For public airport management, PAC has already outlined the terms of reference for proceedings covering all issues, including MAHB’s delisting from Bursa Malaysia’s Main Market under the consortium Gateway Development Alliance Sdn Bhd led by Khazanah Nasional Bhd as well as concerns over high ticket prices and delays in Aerotrain installation.

“We have listed several parties to be called, and, God willing, we expect to start proceedings in the second week of this month.

“I do not rule out summoning the transport minister as well, given the issues surrounding the aerotrain services. It is important to obtain his response and testimony,” she said after attending the launch of Bersatu women’s wing Srikandi’s Melaka Service Centre last night (Jan 31). — Feb 1, 2025

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