BY ANISAH SHUKRY
Deputy Finance Minister Datuk Ahmad Maslan (pic, right) said EPF had purchased RM200 million in bonds from 1MDB in 2009, which was completely guaranteed by the government, and invested RM1.52 billion in two other power assets that were eventually taken over by 1MDB.
“Then, in 2003, a long time ago, EPF invested in Panglima Power Sdn Bhd, an IPP (independent power plant). In 2005, EPF invested in Jimah Energy Ventures Sdn Bhd. The investments totalled RM1.52 billion.
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