(May 21): PKR lawmaker Rafizi Ramli will file an injunction against government-linked agencies, the Employees Provident Fund (EPF) and Lembaga Tabung Haji, to stop them from investing in troubled 1Malaysia Development Berhad (1MDB) and its subsidiaries.

The PKR secretary-general said he would file the injunction next Friday as a depositor in both the EPF and the pilgrims' savings fund.

Besides these two agencies, Retirement Fund Inc (KWAP) had also invested in 1MDB and its subsidiaries.

Rafizi said two other PKR leaders, Sungai Petani federal lawmaker Datuk Johari Abdul and former Machang MP Datuk Saifuddin Nasution Ismail, would file an injunction against KWAP.

"The injunction against EPF, Tabung Haji and KWAP is expected to be filed on May 29 on the basis that the funds' management had been careless, complacent and reckless in their investments in 1MDB which exposed depositors and contributors to risky losses," the Pandan MP, who is founder of the organisation National Oversight & Whistleblowers (NOW), said in a statement today.

KWAP has RM1.4 billion in investments and holdings in troubled 1MDB and its subsidiaries, while EPF has RM1.52 billion investments in 1MDB's subsidiaries as well.

Tabung Haji has a RM920 million bond in 1MDB's real estate development Bandar Malaysia and last month, bought 0.63ha from the Tun Razak Exchange (TRX) financial district, another 1MDB development.

He said NOW, with the support of some Pakatan Rakyat MPs, will launch a campaign called "Close Down 1MDB, Return the People's Money".

Plans include appointing an independent research house to survey if depositors of the three funds want them to divest all existing investments in 1MDB, and to ascertain if the public want the debt laden strategic firm to close down.

The campaign will also hold public briefings nationwide, targeting depositors with the three agencies.

The first briefing will be held on June 3 at Auditorium MPAJ in Pandan Indah, Kuala Lumpur at 8.30pm.

Rafizi also called for public donations of RM10 per person to raise RM20,000 to support legal fees, as well as the studies.

"Only with proactive action from the people can we ensure the people's savings in these funds will not be continuously dragged to resolve 1MDB's financial scandal," he said.

Criticism has been mounting over the Finance Ministry's wholly owned investment vehicle, established in 2009, which has chalked up debts of up to RM42 billion, backed by Putrajaya.

The Auditor-General is currently looking through 1MDB's books, with a preliminary report expected to be submitted to the Parliament in June, while Parliament's Public Accounts Committee (PAC) started its investigation into the company on Tuesday. – The Malaysian Insider