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Anwar: Issues involving Felda subsidiary to be exposed in coming weeks

SERDANG: Prime Minister Datuk Seri Anwar Ibrahim said issues involving a subsidiary of the Federal Land Development Authority (Felda) would be exposed within the next few weeks.

Anwar: Issues involving Felda subsidiary to be exposed in coming weeks

Prime Minister Anwar Ibrahim announced that issues related to a subsidiary of the Federal Land Development Authority (Felda) would be revealed in the coming weeks. The disclosure aims to identify weaknesses within the institution. The Tabung Haji is under investigation, and action will follow. Felda, which operates in agriculture, plantations, and settlements, requires the Finance Ministry's RM980 million yearly to cover debts from its losses.

Almost RM1 billion in government funds, taxpayer money, is paid each year. Anwar attributed the losses to poor management and the practice of taking people's rights by those entrusted. The situation not only leads to government losses but also indirectly impacts Felda settlers. Anwar stated that if RM1 billion does not have to be paid, there is no need to compensate.

Assistance should be provided to settlers. The Malaysian Anti-Corruption Commission chief commissioner hinted at the possibility of detaining several individuals in stages starting this week due to allegations of misappropriation, abuse of power, and corruption involving a Felda subsidiary. So far, 12 individuals have been called to assist in the investigation.

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.

Read the original at nst.com.my →

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