Social activist tells PMX to probe those involved in the loss of RM200 million of retirement funds to scammers

KUCHING, July 18 2026: Social activist Voon Shiak Ni told Prime Minister Anwar Ibrahim to investigate individuals involved in the loss of RM200 million of retirement funds to scammers in Indonesia.

 Caption: Social activist Voon Shiak Ni says if there were failures in governance, negligence, or misconduct, the individuals involved need to  be investigated and held legally accountable. 

She also told the prime minister that the public has the right to know the extent of due diligence done by the Finance Ministry and  Board of  Retirement Fund (Incorporated) (KWAP)   on the investment loss of RM200 million to scammers .   

She noted that the prime minister had revealed in Parliament two days ago that the country had lost RM200 million of the  retirement funds to a fraudulent investment scheme in Indonesia.

“Though the prime minister has explained that due diligence has been exercised before the investment was done but this  does not answer the  question of political accountability as well as legal and administrative responsibility of the federal government and the board of KWAP  for the loss of public funds of RM200 million,” Voon said in a statement.

She noted that KWAP lost the money because the federal government invested in what is later found to be a fraudulent scheme and it is only right  that someone has to be responsible for the loss as the money belongs to the people .

“As the KWAP's board and management are primarily responsible for carrying out due diligence, assessing risks, and approving investments in accordance with the law and their fiduciary duties ,  the people has the right to know the extent of due diligence performed and whether  KWAP's investment policies and governance procedures were followed .

“If there were failures in governance, negligence, or misconduct, the individuals involved need to  be investigated and held legally accountable.

“The Minister of Finance has political responsibility to oversees the statutory framework for KWAP.  

“The  public deserved to be informed and what steps will be taken to recover the funds and  prevent similar incidents from happening .

“There is an urgency for the  matters to be scrutinized by  Parliament, auditors, enforcement agencies as part of political accountability to the public ..

“This is a worrying issue and  public confidence is at stake. A million - dollars government's investment lost to scam is one too many .

“There is no doubt that the public is concerned of the risks of any other possible losses in future to scam which may involve EPF funds ,  Amanah Saham funds and related government investments schemes   .

“The federal government, the Finance Ministry and the board of KWAP need to take responsibility for the loss of public funds of RM200 million to scammers,” she said.

Anwar had told Parliament that KWAP duped of RM200 million of its investment in Indonesian aquaculture startup eFishery.

He alleged that the company manipulated financial reports to deceive KWAP into investing RM200 million.

He said KWAP was not the only one being duped by eFishery, saying that international institutional investors and technology funds, including Temasek, SoftBank, 42XFund and Northstar, were also the victims.

Tracing the history of Rajah Brooke administration through Sri Aman Heritage Museum

SIMANGGANG, July 18 2026: The historic Fort Alice building that houses the Sri Aman Heritage Museum is among the premier heritage tourism destinations, showcasing the history of the Rajah Brooke administration and the early development of Simanggang Town in an authentic atmosphere.

Caption: The restored Fort Alice standing on a hill facing Batang Lupar in Simanggang Town

Fort Alice, located on a hill overlooking the Batang Lupar, was originally built after the Rajah Brooke administration relocated Fort James from Nanga Skrang to Simanggang in 1864, following frequent flooding at the original site.

Since then, Fort Alice served not only as a defence fort to monitor river route security and curb piracy, but also as an administrative hub housing a courtroom, treasury, dispensary, and shipping affairs during the Brooke administration and colonial eras.

Recognising its high historical value, the government allocated RM5 million under the 10th Malaysia Plan to execute conservation and upgrading works on the building.

The project, managed by architect Mike Boon from JFN Sdn. Bhd., successfully restored Fort Alice to its original form before it was reopened as the Sri Aman Heritage Museum.

Today, the museum features various historical collections, including documentation on Brooke-era forts in Sarawak, a courtroom, the bedroom of the Second White Rajah of Sarawak Charles Brooke, a dining area, and various artifacts depicting administrative life in the 19th century.

The architectural authenticity of the building, the lighting, and the layout of the exhibition spaces offer visitors an experience akin to stepping back into the era of the Rajah Brooke rule, thereby making the museum an important medium for preserving and introducing Sarawak's historical heritage to the current generation.

Caption: The two cannons still facing Batang Lupar since the Brooke-era days

Additionally, several old cannons still facing the Batang Lupar River as well as a collection of traditional boats, such as the Iban War Boat, the Chinese Hawker Boat, and the Malay Balok Boat, are also on display as symbols of the diverse history and culture of the local community.

The Sri Aman Heritage Museum is open to the public free of charge from Tuesday to Friday, from 9am to 4:45pm, and on Saturday and Sunday from 10am  to 4pm. The museum is closed every Monday.

Members of the public visiting Simanggang Town are encouraged to spend time visiting the Sri Aman Heritage Museum to retrace the history of Fort Alice and understand its pivotal role in the early development of Simanggang Town and Sarawak's history