Posted by lizi > 2019-01-08 15:54 | Report Abuse

shouldn't mof be accountable for this? it is mof who brought cheap, not epf right? unless epf brought at above market price..

Posted by bagan > 2019-01-08 16:34 | Report Abuse

cheap or expensive the have valuers report to substantiate the price. these are just apolitical for the upcoming CH by election.

Posted by bagan > 2019-01-08 16:46 | Report Abuse

actually this is called transfer price, when the owner of both sides is the same which is mof. there is no issue as the money is going from left pocket of mof to the right pocket mof with no leakage whatsoever. the other one, transfer from th to mof, eventhough they called it transfer, actually it is not because the owners are not the same, the spv owned by the mof but the assets owned by the savers, it is actually a sales transaction but purposely called transfer to hide the unethical activity by mof.