In a statement, it commended the pension fund for its quick response to the claims but said more was needed.
“Reassurance from EPF through a statement refuting Sarawak Report’s allegations is not good enough.
“In view of the severity and the enormous sum of money involved as alleged, EPF needs to call a media conference and show that the bonds in question are still in its possession,” Patriot president Brig-Gen (Rtd) Mohamed Arshad Raji said.
He also called on the police to inform the public of the latest developments on the reports lodged by EPF over the matter.
“Bank Negara has to make a statement regarding the status of the bonds in question, and also the transfer of large amounts of funds to a RHB dollar account of a private company, revealing what is allowed within the limits of the law,” he added.
On Wednesday, the EPF had denied any dealings or agreements with Limage Holdings SA, Limage Southwest Holdings, the individual known as Gyorgy Matrai or any parties as stated by Sarawak Report.
“No transfer of bonds or funds of any kind to any of the aforementioned companies, parties or individuals could have occurred as alleged,” it said.
Arshad said for now, Sarawak Report’s allegations remained unsubstantiated. However, he warned that they should “ring alarm bells” given past episodes involving 1MDB and Bumiputera Malaysia Finance Ltd (BMF).
He said these episodes showed how civil servants had failed in their responsibility to provide checks and balances, and stem the “rot and decadence in the abuse of public funds”.
“We Patriots support the call by Business Ethics Institute Malaysia for ethical business conduct. Conduct of business not just in the private sector, but more so in the public sector and GLCs where public funds are used,” he said.