RM2 billion invested in Indonesian company would have 'fixed what's broken' at Felda


Amin Iskandar

Money used to buy a stake in Indonesian plantation company could have been used to shore up the share price of Felda Global Ventures Bhd, which has fallen from RM4.80 to RM1.80 per unit, say second-generation Felda settlers. – The Malaysian Insight file pic, February 23, 2018.

RATHER than invest in a troubled plantation company in Indonesia, the land reform authority should have used the money to solve the settlers’ problems at home, said a group of second-generation settlers in Felda.

Jawatankuasa Bertindak Suara Generasi Kedua Felda adviser Zulkefli Nordin said the US$500 million (RM1.95 billion) invested in PT Eagle High Plantations Tbk (EHP) would have been better spent “fixing what was broken” in Felda.


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Comments


  • Aiyah, you naive or what? Buying foreign hotels, plantations, etc, can receive kickbacks (through over paying) ........ whereas giving money to "kampung" Felda settlers will NOT ..... think why Malaysia fell in corruption index?

    Posted 6 years ago by Malaysian First

    • ....... don't for a moment think it is stupidity, mismanagement, incompetency, etc. ....... its a well planned, cunningly executed THEFT!

      Posted 6 years ago by Malaysian First