Tuesday, 13 November 2012

What happened to the EPF's RM6.5 billion loaned to Felda?

By Viktor Wong

Most recently, the Felda Global Ventures Berhad (FGV) a subsidiary of the Federal Land Development Authority (Felda) under the chairmanship of a convicted money politics culprit has dropped below the issuing price for the first time ever.

Then, the prime minister who is also the Umno president Najib Razak announced strings  of benefits and cash rewards to the entire nation's Felda settlers worth billions of Ringgit in order to ease these settlers' dissatisfaction over the losses suffered by both FGV and Felda over these years.

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