Has EPF been approached to invest in 1MDB assets?

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EPF Has Not Been Approached to Invest in 1MDB Assets

The Employees Provident Fund (EPF) has confirmed that it has not received any proposals to purchase or invest in lands or assets belonging to 1Malaysia Development Berhad (1MDB). An EPF spokesman explicitly stated that the fund has not been approached regarding any investment in 1MDB’s Tun Razak Exchange (TRX) land or any other assets.
No Official Approach Received

The EPF has categorically denied any engagement concerning potential investments in 1MDB's properties. This clarification comes amid public scrutiny of land deals involving government-linked entities and the state investment fund. The fund's stance is that no official inquiries or offers have been made to EPF for such transactions.
Investment Criteria and Governance

The EPF spokesman reiterated that the fund consistently evaluates all investment proposals. These reviews are conducted to ensure that any potential investment aligns with the EPF's established risk-return criteria. Furthermore, the fund maintains the highest standards of governance to safeguard the interests of its members.
Context of Other Institutional Investments

This confirmation from EPF follows recent news regarding other institutional investors' dealings with 1MDB assets. Notably, Lembaga Tabung Haji (LTH) had a RM188.5 million land deal for a plot within TRX, which drew significant public attention. Additionally, the civil servants' pension fund, Kumpulan Wang Amanah Pencen (KWAP), was reported to be acquiring land and a building at TRX for its new headquarters at a price lower than LTH's purchase.

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Has EPF been approached to invest in 1MDB assets?

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