Scary Movie of EPF in 2010 Audit Report...

Now you see! Now you don't...!



Do 2010 audit report is correct???? Very scary.... If true then no wonder why dividend being paid so low..... and... do syariah compliance in here???? Any comment?


Malaysiakini: EPF loaned RM55bil without gov't guarantee backing


Aidila Razak

1:43PM Oct 28, 2011

The Employees Provident Fund (EPF) approved loans worth an astounding RM55.1 billion not backed by government guarantees.

However, the Auditor-General’s Report 2010 found only one of the 13 debtors was qualified to obtain a loan

Comments

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