Think of the people, not investments, Najib tells EPF over Account 1 withdrawals

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Ex-PM Najib Razak disagrees with EPF CEO Tunku Alizakri Alias’ view that allowing more members to withdraw would hurt the fund’s investments.PETALING JAYA: Former prime minister Najib Razak does not agree with the Employees Provident Fund’s (EPF) concerns that expanding the scope of their i-Sinar facility would affect their investments.Referring to EPF chief executive officer Tunku Alizakri Alias’ rationale on why the provident fund was not allowing more members to be eligible to withdraw money from their Account 1 savings, Najib said the focus should be on the people, not investments.“I do not agree with the view expressed by the EPF CEO, that if we allow a one-off withdrawal of RM10,000 from Account 1, investment opportunities for EPF will be affected.“These are desperate times, the situation is critical. This is a matter of the people’s livelihood and it is no longer a matt…