THE PLUNDERING OF EPF.

To protect the cronies of the UMNO Run Federal Government, our EPF is plundered.
Mahathir would have done the same thing had he been the Finance Minister today.

The Employees Provident Fund (EPF) will make a profit from the RM5bil that it will lend to the government investment agency, Valuecap Sdn Bhd, to support the local stock market, said Second Finance Minister Tan Sri Nor Mohamed Yakcop. He said this in response to Deputy Prime Minister Datuk Seri Najib Tun Razak’s press conference yesterday that the Government would borrow RM5bil from the EPF to double the size of Valuecap to RM10bil. Established in 2003. Valuecap is a fund management firm created to invest specifically in the Malaysian equity market and is jointly owned by Khazanah, PNB and Retirement Fund (Incorporated).