KWAP's eFishery Bet: Mistake or Negligence?

KWAP was one of several  investors deceived by eFishery, an Indonesian start-up that was found to have inflated their financial records. KWAP lost its investment of RM163.4 million and is now being investigated by the MACC. Where's the line between acceptable investment risk and unacceptable governance failure in public investment institutions? Independent business writer P. Gunasegaram weighs in. Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.