KWAPKumpulan Wang Persaraan (Malay: Retirement Fund)
KWAPKumpulan Wang Amanah Pencen (Malaysia)
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He said SRC had borrowed RM4 billion from KWAP, with a guarantee from the federal government.
5 June 2014 - UK real estate investment trust Intu Properties Plc (LON:INTU) said today that it had agreed to set up a joint venture with Malaysian pension fund Kumpulan Wang Persaraan (KWAP) to jointly operate the Intu Uxbridge shopping centre in London.
'The Ministry of Finance will make sure enough funds are allocated to service the payment to KWAP to prove Federal Government's ability to manage (even when struggling fiscally) to manage financial burden of 1MDB and SRC inherited from the previous administration,' he said, referring to Barisan Nasional government.
It is believed that KWAP is only interested in the merged entity.
Those called included former AmBank relationship manager Joanna Yu Ging Ping, former second finance minister Datuk Seri Ahmad Husni Mohamad Hanadzlah, former SRC International board chairman Tan Sri Ismee Ismail and Datuk Azian Mohd Noh who is former Retirement Fund Incorporated (KWAP) chief executive.
Australia & New Zealand Banking Group Limited (NYSE: ANZ) (ANZ.AX) (OTC: ANZBY) is set to sell its block of shares in Malaysian bank, AMMB Holdings Berhad, to the Retirement Fund Inc (KWAP) in a transaction valued around USD900m, according to a report by Reuters.
The senior investigator was made to view and verify documents such as SRC International's secretarial records, and statements related to the first and second RM2 billion loan to SRC International from the Retirement Fund (Incorporated) (KWAP).
ANZ's stake in the firm, which had undergone a merger recently, is now expected to be roughly 10 per cent and that stake could be sold to Malaysian retirement fund, KWAP, which already owns a small stake in AmBank.
Former second minister of finance Datuk Seri Ahmad Husni Mohamad Hanadzlah, who is the prosecution's 56th witness, testified that he met with Najib and sought the latter's permission to bring a delegation comprised of the Finance Ministry, Bank Negara Malaysia and the Retirement Fund Incorporated (KWAP) to clarify the matter with the Swiss authorities.