"I'm begging for my own money": KPF members hit out at share redemption delays
KUALA LUMPUR: Members of Koperasi Permodalan Felda Malaysia Bhd (KPF) are demanding a resolution to delays in share redemption payments amounting to millions of ringgit.
Members of Koperasi Permodalan Felda Malaysia Bhd (KPF) are urging the government to resolve delays in share redemption payments that have affected over 9,000 members nationwide. Over 30 members staged a peaceful protest and hunger strike to demand immediate action. KPF member Syed Alwi Syed Shariff, 61, stated that he and other affected members had been waiting since 2023 to withdraw their own savings.
He expressed frustration that the delays violated their rights and left senior citizens, retirees, and widows struggling to make ends meet. Hamidah Ismail, 65, revealed that she had to accept a reduced withdrawal amount after 32 years of service due to the delays. Syed Alwi's lawyer, Afiq Asyraf, called for the Prime Minister's intervention to provide domestic liquidity or financial assistance, as well as the establishment of an independent committee to investigate KPF's fund management, overseas investments, and asset liquidation.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
