Monday, December 5

Epf says no risk in the 1mdb bond it invested


KUALA LUMPUR: The RM200 million bonds subscribed by Employees Provident Fund’s (EPF) from 1Malaysia Development Bhd in 2009 is not risky as it is guaranteed by the government.

Chief executive officer Datuk Shahril Ridza Ridzuan said the bond is highly secured and there was no risk to EPF’s investment.

“It (government guaranteed) is the highest form of security,” he said on the sidelines of the International Social Security Conference 2015 here yesterday. — Bernama