Zahid calls for forensic audit into RM9b Felda losses

Deputy Prime Minister Ahmad Zahid Hamidi has urged a forensic audit into the RM9 billion losses incurred by the Federal Land Consolidation and Rehabilitation Authority (Felda). Zahid emphasized that such a significant financial loss cannot be ignored. He stated that a routine management audit would not suffice – a detailed forensic investigation is necessary to ascertain whether there were instances of abuse of power, breaches of trust, or procedural failures.

"Felda has been grappling with serious issues for a long time," Zahid remarked. "The RM9 billion loss is unacceptable. This is why the Prime Minister, Datuk Seri Anwar Ibrahim, has tasked me with leading the investigation." Zahid stressed that the government must safeguard the well-being of the over 225,000 Felda settlers, whose livelihoods are tied to the authority.

He cautioned that any investigation must be carried out impartially and not to humiliate or unfairly target individuals. Zahid made these remarks after inaugurating the 2026 World Islamic Trade and Tourism Expo (WITEX) and World Cultural and Arts Festival (WCAF) in Kuala Lumpur. The request for a forensic audit comes as the Prime Minister awaits the findings of a special task force probing Felda, with the report expected to be released once the inquiry is concluded.

Anwar had previously acknowledged Felda's financial woes, attributing them to mismanagement and undue political meddling. The proposed forensic audit aims to offer a more comprehensive assessment of Felda's financial operations, governance, and decision-making, thereby determining if appropriate action should be taken against those found culpable.