Author Topic: FELL-LAH  (Read 6082 times)

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Re: FELL-LAH
« Reply #100 on: July 24, 2017, 06:46:43 AM »




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Felda settlers deny being heavily in debt
Bernama | July 23, 2017
Community's head Samsudin Othman says so-called debts are subsistence loans between RM1,000 to RM1,500 to carry out oil palm plantation projects.
Bahasa,-Felda,-tadbir-urus,-peneroka

PUTRAJAYA: Federal Land Development Authority (Felda) settlers have denied allegations that they are heavily in debt.
The community’s head Samsudin Othman said the debts incurred by the settlers included only subsistence loans of between RM1,000 to RM1,500 which was to assist those carrying out oil palm plantation projects.
“The government is kind enough to advance loans for living costs. If the government does not loan the money, the settlers have to wait for three years to reap the results. This is the amount that has led to the settlers’ debts reaching RM80,000.
“These are debts created by the settlers themselves. Felda does not encourage the policy of being in debt, instead it’s better still if they can make do without taking a cost of living loan,” he said.
In fact, Felda settlers have expressed their gratitude and thanks to Prime Minister Najib Razak for announcing the granting of special incentives today, to ensure the welfare and prosperity of the community.
Samsudin said the short-, medium- and long term incentives were welcome news for all 112,635 settlers in the 317 Felda settlements across the country that will help ease their burden.
“We Felda settlers are grateful and thankful to the prime minister,” he told reporters after attending the national level Felda Settlers Day 2017 celebration at Dataran Putrajaya, here today.


At the event, Najib announced six incentives for Felda settlers in the form of debt disposal, incentive payment, the setting up of a special fund and grant, as well as a housing incentive, among others.
Mohammad Zainal Mohd Yusof, 61, from Felda Palong, Negeri Sembilan said it portrayed the commitment and sincerity of the prime minister.
“This is the first time we got six incentives all at once, and I’m very grateful for the announcement today. We are always loyal to the government because it is always thinking of our welfare.
“I am also delighted to celebrate the Prime Minister’s birthday here,” said the retired army man, adding that Felda always gave good returns to the settlers.
Meanwhile, Asmawi Ani, or more popularly known as Mawi, from Felda Taib Andak, Kulai, Johor, said the government had always given top priority to the well-being of Felda settlers by providing all forms of incentives and facilities since 1956.
“See for yourself the positive improvements today, we need to be grateful for what we already have and should preserve it carefully.
“The young generation especially, should not listen to negative stories about Felda and be easily influenced. Check it out first. That’s the most important thing.
Actor Abdul Jalil Hamid, a native of Felda Cahaya Baru, Masai, Johor, sees the granting of the incentives as a sign of concern and care by the government under the leadership of Najib, who was always striving to create a better quality of life for the people and a prosperous nation.
“This is what is special about the government in helping Felda settlers. There are times, the settlers lives are dependent on palm oil commodities, the price of which at times goes up and at times falls.
“I am also a native of Felda and spent years of my life there. There are people who are not even able to build their own houses. This is a great reward from the government that we have to be grateful for,” he said.

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Re: FELL-LAH
« Reply #101 on: July 24, 2017, 06:48:53 AM »




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【垦殖民获大礼】林吉祥:一马资金可让每户获7万
国內 最后更新 2017年07月23日 23时08分
【垦殖民获大礼】林吉祥:一马资金可让每户获7万

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(吉隆坡、马六甲23日讯)民主行动党国会袖兼振林山国会议员林吉祥指出,垦殖民不需要因为得到5000令吉的奖励金而雀跃,因为若將一个马来西亚发展公司(1MDB)被美国司法部充公的资金兑换成马幣,每名垦殖民將可分到7万令吉。

他更质疑,为何首相在今日宣佈发放给垦殖民的奖励金,会从2013年的1万5000令吉,下降至只有5000令吉。

 林吉祥今日发文告表示,纳吉的宣佈让他想起了两件事。

他说,如果將大马富商刘特佐挪用1MDB的资金购买总值2730万美元的22克拉粉红钻石项链,换成现钱分发给垦殖民,共有约2万2000户家庭可受惠。其次,美国司法部充公1MDB的17亿美元资金,如果换成马幣,每户垦殖民可获得7万令吉。

继续阅读,请往下滑

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他表示,在明日的新一季国会下议院,希望联盟国会议员也將为这10万户垦殖民家庭提出要求,要FELDA和FGV为丑闻负全责。

另外,INVOKE创办人兼公正党副主席拉菲兹指出,政府已没钱,如今宣佈给予垦殖民的款项不知来自何处?他相信这些最后还是羊毛出在羊身上。

他以数年前纳吉也曾宣佈,给予每名垦殖民家庭的1万5000令吉奖励金的事件为例,其实当时所发出的奖金,是来自向大马公积金局的借贷,最终还是由人民负担。

拉非兹今日为「重建国家」运动马六甲站推介礼致词时,如此表示。他也表示,相信来届大选是改朝换代的最佳时机,预计將掀起更大的马来选民海啸。

出席者包括甲州诚信党主席阿德里、甲州公正党副主席魏世德、地方政府事务局主任林祥和、甲州行动党秘书邱培栋,已故赵明福的父母赵亮辉及张秀花等人。

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Re: FELL-LAH
« Reply #102 on: July 24, 2017, 06:51:46 AM »




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With Raya over, MACC to come down hard on Felda ‘traitors’
Nawar Firdaws | July 23, 2017
MACC chief says Felda investigation, which was closed, has now been reopened.
macc-fic-1

KUALA LUMPUR: Now that Raya fever has died down, the Malaysian Anti-Corruption Commission (MACC) is coming down hard on those suspected of corruption in Felda.
The agency’s chief commissioner, Dzulkifli Ahmad, said he had recently instructed that the probe into the land development authority be reopened.
“We may have been a little sluggish during the fasting month, and even more during Raya, with all the lemang we had.
“But now we have come back, and I’ve instructed that the investigation on Felda, which was already closed, be re-opened.
“This is just the beginning. Our investigations have just begun and, God willing, in August and September, it will get more ‘panas’ (intense)!”

Dzulkifli was speaking to a crowd of hundreds present at the Jaringan Melayu Malaysia’s Raya open house here today.
The MACC investigation into Felda Investment Corporation’s (FIC) purchase of a four-star hotel in Kensington, London, between 2013 and 2015, was reopened on July 10 after the agency claimed it had found a new lead.
So far, two former real estate executives involved in the deal have been arrested and remanded for six days.
“God willing, we will take action against the traitors,” said Dzulkifli.
Warning that he has never broken a promise made, Dzulkifli added that he will ensure that the MACC will either investigate a new case or take an individual suspected of corruption to court, every single week.
This, he said, was part of the MACC’S efforts to create a corrupt-free society by 2020

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Re: FELL-LAH
« Reply #103 on: July 24, 2017, 01:56:06 PM »




Felda incentives not enough, says settlers’ pressure group
Amin Iskandar
Amin Iskandar
Updated 41 minutes ago · Published on 24 Jul 2017 12:56PM · 0 comments
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Felda incentives not enough, says settlers’ pressure group
Suara Generasi Kedua 2 adviser Zulkiefli Nordin (centre) says that the measures announced by Prime Minister Najib Razak would not help settlers with larger debts. – The Malaysian Insight pic by Hasnoor Hussain, July 24, 2017.

THE incentives for Felda settlers announced by Prime Minister Najib Razak are not enough to resolve their debt woes, pressure group Suara Generasi Ke-2 Felda said today.

Group adviser Zulkefli Nordin said the debt forgiveness and assistance Najib promised yesterday would not help those with larger debts, while the prime minister failed to address the problem of poor management of the Felda’s palm oil plantations.

“Felda should have explained the real issues to the PM before he made that announcement,” Zulkefli said.

“The real problems are not resolved, yet what we get is a lot of ‘wow’ factor. Every year, there is a ‘wow’ factor,’ he said at a press conference in Kuala Lumpur today.


Najib announced at the closing of the National Felda Settlers Day celebration yesterday RM1.59 billion worth of cash and incentives for Felda settlers and urged them to rally behind the Barisan National government.

Among the incentives was RM5,000 cash each for 94,956 settlers, and debt forgiveness worth RM519 million for those with debts of up to RM5,000 if they had taken part in Felda’s programme to replant unproductive oil palm.

Another RM128.1 million was also allocated to dispose of outstanding Felda Global Ventures Holdings Bhd (FGV) equity loans, including assistance of RM1,820 cash per settler if they had already paid their loans. – July 24, 2017.

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Re: FELL-LAH
« Reply #104 on: July 24, 2017, 03:25:39 PM »




Felda does not have the money for incentives, says Rafizi
Low Han Shaun
Low Han Shaun
Updated one hour ago · Published on 24 Jul 2017 2:00PM · 0 comments
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Felda does not have the money for incentives, says Rafizi

REVEAL the source of your funding for the Felda incentives, PKR vice-president Rafizi Ramli has challenged Prime Minister Najib Razak, following the latter’s announcement of cash assistance for settlers at yesterday’s Felda Settlers’ Day celebration in Putrajaya.

“The four incentives add up to RM1.42 billion when Putrajaya and Felda just don’t have that kind of money,” Rafizi said in a statement today, querying where the prime minister would find the money for four out of the six initiatives announced.

“Najib should specify where his government found the money so that the Felda settlers do not fall victim to Barisan National propaganda.”

The four incentives in question are:


Cash incentives of RM475 million, in which RM5,000 is given out to each settler
Forgiving RM128 million in debt for settlers who took out FGV equity loans.
Debt forgiveness of RM519 million, or up to RM5,000 for each settler that had taken part in Felda’s programme to replant unproductive oil palm.
A special fund of RM300 million to be set up for 2017 to 2021, to help with replanting operational debts of RM40,000 or more.
The two incentives that Rafizi did not include were:

Interest-free housing loans of up to RM40,000 and approval to construct more than one house per site. At least 70,500 sites for single-unit homes have also been set aside by Felda and approved by state governments, with the cost of the units' construction to be borne by the settlers
A special replanting grant by the Malaysian Palm Oil Board of up to RM167 million, covering 24,280ha until 2020.
Rafizi explained that similar incentives were also given out during GE13 where RM2.24 billion was promised, mostly from the Employees Provident Fund (KWSP).

He also said Felda had debts of RM10 billion with interest payments of at least RM400 million a year, based on the 2014 audit report.

“The truth is Felda does not have this kind of money to give out. This year, it has also bought shares in a plantation company in Indonesia that is friendly to Najib, but paid twice the going rate of RM2.2 billion,” he said.

Rafizi added that the source of all Felda’s problems came from the failure of the FGV listing on the stock market, along with biased appointments of contractors for replantation.

“If Najib were not to list FGV, as he was asked, this problem would not have happened. Meanwhile, if the (contractor appointment) process is managed well by Felda without high tender prices to elected contractors, the settlers will not be burdened by this debt,” he said. – July 24, 2017.

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Re: FELL-LAH
« Reply #105 on: July 27, 2017, 12:00:28 PM »




Hear us out, don’t just hand out ‘sweets’, Felda settlers tell Najib
Amin Iskandar
Amin Iskandar
Updated about 42 minutes ago · Published on 27 Jul 2017 11:00AM · 0 comments
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Hear us out, don’t just hand out ‘sweets’, Felda settlers tell Najib
Suara Generasi Ke2 Felda chairman Zainuddin Mat Naan warns that the opposition will make inroads into Felda areas if the issues of land management and debt are not addressed. – The Malaysian Insight pic by Hasnoor Hussain, July 27, 2017.

FELDA settlers have expressed their frustration over last week’s announcement of incentives by Prime Minister Najib Razak, saying that the financial aid is merely a short-term solution to their problems.

Instead, they demand that the government and Felda Global Ventures Holdings Bhd (FGV) meet them to determine their real grouses and not just resort to handing out “sweets”.

“If they do this all the time, Felda is like a father who gives out sweets each time his children throw a tantrum,” said 69-year-old Mat Ali Musa from Felda Purun in Bera, Pahang.

“This way, when will the problem be solved?” Ali told The Malaysian Insight.


He said the recent announcement by Najib that 94,956 Felda families will each receive RM5,000 was similar to the giving out of loans to settlers five years ago to buy shares in the newly restructured FGV.

Ali said the incentive, which is costing the government RM474.78 million, was just a short-term solution to the problems settlers have been facing since the restructuring.

He said unless the authorities talked to the settlers and listened to them, Felda will never know the real situation and problem.

“The settlers disagree with the amount owed to Felda Technoplant (FTP),” he said, referring to the arm which manages the replanting of crops at plantations.

“This RM5,000 incentive will not solve the problem of our debts to FTP,” he said.

Felda Technoplant Sdn Bhd is a subsidiary of Felda which was formed in 2005 to manage the replanting of palm oil on farms.

On Monday, pressure group Suara Generasi Ke2 Felda, a group representing the views of second-generation Felda settlers, criticised Najib’s six incentives, saying that the amount did not resolve the two main problems faced by settlers, namely the management of land and the streamlining of outstanding debts.

How much debt?

Chairman of Taskforce Felda Bersatu Wan Mohd Shahrir Wan Abd Jalil questioned if Felda was aware of the actual debt of the 94,956 settlers.

“Each settler has not had a straightforward and transparent breakdown of the total amount owed.

“Felda promised before this, that each settler will get a statement of their debt every three months,” he said.

Wan Shahrir said the high debt was not a result of the settlers’ failures, but because of the high interest rate of 6.5% imposed for the replanting of crops.

“Apart from that, the weakness in management led some settlers’ failure to make enough returns to repay their debts, even after six years.

“The settlers were supposed to be able to repay their debts after six years, according to an earlier promise.

“But with the weak management under FTP, their yields have been very low, and this is beyond the settlers’ control,” said the Bersatu leader.

Zainuddin Mat Naan from Felda Soeharto in Kuala Kubu Baru, Selangor said Najib’s incentives are just “small assistance” that could not meet their needs.

“Actually, we have gotten nothing from these (FGV) shares. So, these incentives are really not that much help to the settlers.

“For example, my own debt to FTP for managing the land has reached RM141,000 in the last 10 years.”

Zainuddin, who is also a committee member of Umno Hulu Selangor division, said if Najib does not resolve the two main issues of land management and debt, it was likely that the opposition will be able to make inroads into Felda areas.

“We are not opposing the government. I am an Umno member, chairman of the village development and security committee (JKKP) in Kampung Soeharto.

“I’m worried that this country will be ruled by others. If they don’t resolve the problems of Felda settlers, it is not impossible for the opposition to win because all the issues they have raised about Felda are true,” he said.

Last week, Bersatu president Muhyiddin Yassin said Felda was no longer an Umno stronghold.

There are 54 parliamentary seats in Felda areas and Barisan Nasional (BN) were defeated in six of the seats in Raub, Kuala Nerus, Temerloh, Dungun, Kulai and Sungai Siput at the last elections. – July 27, 2017.

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Re: FELL-LAH
« Reply #106 on: July 28, 2017, 10:47:07 AM »




How will Najib pay for Felda settlers’ RM1.588 billion incentives, asks Muhyiddin
Updated 22 minutes ago · Published on 28 Jul 2017 10:00AM · 0 comments
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How will Najib pay for Felda settlers’ RM1.588 billion incentives, asks Muhyiddin
Bersatu president Muhyiddin Yassin says Prime Minister Najib Razak is repeating the tactics for the 2013 election. – The Malaysian Insight file pic, July 28, 2017.

PRIME Minister Najib Razak should inform the people where the money for the RM1.588 billion in incentives for Felda settlers would come from.

Former deputy prime minister Muhyiddin Yassin in a Facebook post today dismissed the incentives that Najib announced on Sunday as electoral “sweets” that do nothing to solve the government land agency’s productivity issues.

Muhyiddin, who is also Bersatu president, said it was unlikely that Felda’s profits would be used to pay for the incentives to settlers.

“Therefore, I would like to ask Najib, where will the money come from?


“RM1.588 billion is not a small amount. It is 3.5% of the government’s development allocation of RM46 billion, or 5% of the government’s supply and services allocation of RM32 billion, as stated in the 2017 Budget.

Muhyiddin said Najib had a responsibility to inform the people where the money for the incentives would be sourced.

“I would also like to ask Najib, where is the recovery plan that will save Felda and profit its settlers?”

He said the incentives would help settlers in the short term, but Felda’s profitability and productivity issues remain resolved.

“Giving one-off incentives before a general election is not a true solution. The incentives will lighten the settlers’ burden for a short while.

“With the late payment for palm oil harvests continuing and the monthly income (of the settlers) dwindling, settlers continue to be burdened with several problems.”

He said the lack of good governance led to Felda making investment decisions that were unprofitable, such the listing for Felda Global Ventures Holdings Bhd (FGV).

“The listing of FGV on Bursa Malaysia should have made profits for Felda, but, instead, falling share prices caused RM1.2 billion in intangible losses. This does not include the various embezzlements that occur in Felda through unfeasible transactions, such the purchase of foreign real estate at above market prices. It is clear that some parties are raking in huge profits, while Felda settlers bear the burden.”

Muhyiddin said a complete solution would be for Felda to record profits, enabling it to give good returns to the settlers.

“Unfortunately… Najib did not announce any turnaround plans for Felda that will bring long-term benefits for settlers. What was announced were electoral sweets to garner support among settlers who are increasingly losing faith in Najib’s kleptocratic government.”

He said Najib was repeating the tactics used ahead of the 2013 elections, when the government handed out to settlers a “windfall” worth RM1.7 billion.

“The incentives then were only electoral sweets and not a comprehensive solution. Felda settlers are still saddled with problems.

“Because of this, Pakatan Harapan is offering to revitalise Felda as a way to solve settlers’ woes, and return Felda to become a profit generating entity that the Malaysian people can be proud of.” – July 28, 2017.

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Re: FELL-LAH
« Reply #107 on: August 01, 2017, 02:09:43 PM »




MACC arrests ex-aide of former Felda boss

 felda macc
 2 comments      Kow Gah Chie     Published Today 1:07 pm     Updated Today 1:49 pm

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image: https://i.malaysiakini.com/1137/86dcb9112b4b8e56451b69fba31b2cbf.jpeg


image: https://i.malaysiakini.com/1137/86dcb9112b4b8e56451b69fba31b2cbf.jpeg

 
The Malaysian Anti-Corruption Commission (MACC) has arrested an ex-aide to a former Felda chairperson, according to chief commissioner Dzulkifli Ahmad.

He said this was related to MACC's investigation into Felda Investment Corporation's (FIC) purchase of a hotel in Kuching


Read more at https://www.malaysiakini.com/news/390513#BUivapxZ7LQYTWIr.99

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Re: FELL-LAH
« Reply #108 on: August 01, 2017, 04:05:05 PM »




Tuesday, 1 August 2017 | MYT 3:34 PM
Ex-Felda chairman's aide remanded in FIC hotel probe

BY MAZWIN NIK ANIS

image: http://www.thestar.com.my/~/media/online/2017/08/01/07/37/aide-remand.ashx/?w=620&h=413&crop=1&hash=C35CEE6D14ABFDF49EDD2EB2FAAC8C02937B7B8F


 
PUTRAJAYA: A special officer to former Felda chairman Tan Sri Mohd Isa Abdul Samad has been remanded for five days to help in graft investigations over the purchase of a hotel in Kuching.

 

 
The officer, Zahid Md Arip was produced before Magistrate Nik Isfahanie Tasnim Wan Abdul Rahman on Tuesday and was ordered to be remanded until Aug 5,.

The 51-year-old Zahid was arrested earlier Tuesday at his house by the Malaysian Anti-Corruption Commission to assist in its probe into Felda Investment Corp's (FIC) purchase of the hotel in 2014.

Zahid served as a special officer to Isa during the latter's tenure as Felda chairman.

image: http://bcp.crwdcntrl.net/5/c=5593/b=42433301


He is the fourth person to be remanded in the ongoing investigations into FIC's purchase of the hotel.


TAGS / KEYWORDS:
crime , corruption , FGV , Isa Samad , aide

Read more at http://www.thestar.com.my/news/nation/2017/08/01/ex-felda-chairman-aide-in-macc-probe/#FYGfPv1CIvUmH0Ye.99

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Re: FELL-LAH
« Reply #109 on: August 02, 2017, 06:37:34 PM »




Dr M confirms Bersatu leader detained in Felda case

 drmahathirmohamad felda
 0 comments      Alyaa Alhadjri     Published Today 5:28 pm     Updated Today 5:37 pm

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Dr Mahathir Mohamad has confirmed that the ex-aide of a Felda chairperson detained in connection with a corruption probe is a Parti Pribumi Bersatu Malaysia (Bersatu) leader.

Mahathir, who is Bersatu chairperson, said the party would take the necessary steps to protect this individual's interests.

The former premier also believes that the individual is not involved in any corrupt practice.

"We believe he is not involved. He was with the former chairperson for a long time, but he resigned because he was not happy,” he told reporters outside Istana Negara in Kuala Lumpur this afternoon..

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Re: FELL-LAH
« Reply #110 on: August 07, 2017, 12:00:00 PM »




Felda settlers saddled with debts while replanting, says group
Updated one hour ago · Published on 7 Aug 2017 10:45AM · 1 comments
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Felda settlers saddled with debts while replanting, says group
Felda settlers are unhappy with the management of their debt statements, says National Felda Settlers deputy chief Sulong Jamil Mohd Shariff. – The Malaysian Insight file pic, August 7, 2017.

IT is customary for Felda settlers to take subsistence loans for their oil palm projects and sustenance while waiting for the first harvest.

National Felda Settlers deputy chief Sulong Jamil Mohd Shariff said some of the settlers’ debts ran into hundreds of thousands of ringgit.

"Claims that Felda settlers are tied down with various types of external loans are baseless. Actually what they are bogged down with are subsistence loans which they are still paying for. Felda actually discourages them from taking multiple loans," he told Bernama in Tanjung Malim, Perak, recently.

During the Settlers Day celebration on July 23, Prime Minister Najib Razak announced six incentives for Felda settlers, which included debt write-offs, cash incentives, setting up a special fund and special grants and housing incentives.


In addition, Najib, who is also finance minister, announced that every settler who opted to replant under Felda would get a RM5,000 write-off on their debt, which would involve a total allocation of RM519 million.

According to Sulong Jamil who is a first generation Felda Sungai Behrang settler, the replanting was done every 25 years, in some areas, the process had been carried out for the third time.

Meanwhile, he claimed the settlers were unhappy with the inefficient management of the farms and their debt statements.

"They are doubtful about the debt statements they received, and a handful of settlers, especially the second and third generation are dissatisfied with Felda as they have to bear the burden of paying their father’s previous debts. 

"Only the borrower knows the actual debt and after he dies it is normal for the children to question the amount borrowed by their father," he said. – Bernama, August 7, 2017.

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Re: FELL-LAH
« Reply #111 on: August 10, 2017, 06:47:34 AM »




Felda acted on govt’s behalf in buying Eagle High stake, says Shahrir
Updated 11 hours ago · Published on 9 Aug 2017 7:15PM · 0 comments
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Felda acted on govt’s behalf in buying Eagle High stake, says Shahrir
Felda chairman Shahrir Abdul Samad says the government has two seats on the board of PT Eagle High Plantations. – The Malaysian Insight file pic, August 9, 2017.

FELDA acted as intermediary for the Malaysian government in the acquisition of Indonesian oil palm planter, PT Eagle High Plantations Tbk (EHP).

Its chairman, Shahrir Abdul Samad, said Felda was selected because of its expertise in managing oil palm plantations.

“We are representing the government of Malaysia at two levels – the management and board of directors of EHP,” he told reporters after the launching of Felda D’Saji’s 14th branch in Bangi today.

He said Felda had been allocated two seats on the board of directors.


“We have one person posted in Jakarta permanently. He was a former employee of Felda Global Ventures Holdings Bhd (FGV) and is being tasked with RSPO (Roundtable on Sustainable Palm Oil) and investor relations on behalf of EHP.

“He has been there about a month, representing the investment of the government of Malaysia.”

Shahrir said Felda was also looking into the possibilities of venturing into the downstream business in Indonesia through EHP.

Felda, through Felda Investment Corporation, concluded the acquisition of a 37% stake in EHP from Rajawali Group in a deal worth RM2.26 billion in April. – Bernama, August 9, 2017.

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Re: FELL-LAH
« Reply #112 on: August 10, 2017, 06:27:33 PM »




 0 1 0 1
Anak repeats call for Royal Commission of Inquiry on Felda
FMT Reporters | August 10, 2017
Anak president Mazlan Aliman accuses government of hiding its failures with the excuse of protecting the interests of Felda settlers.
Mazlan-Aliman-cri-feldaPETALING JAYA: Persatuan Anak Peneroka Felda Kebangsaan (Anak) has reiterated its call to the government to set up a Royal Commission of Inquiry (RCI) to investigate alleged wrongdoings in the land development agency.
Anak president Mazlan Aliman said the government should not fear facing the people if it had been honest in its management of Felda.
“A RCI is needed urgently in the interest of the 112,635 Felda settlers in the country,” he said in a statement today.
The request came in the wake of deputy minister in the prime minister’s department Razali Ibrahim shooting down the idea of a RCI in a written reply to Gelang Patah MP Lim Kit Siang in the Dewan Rakyat.
Mazlan said Anak, an NGO that represents the second and third generations of Felda settlers, regretted and was disappointed with the government’s stand.
“At a time when many scandals in Felda and FGV (Felda’s listed arm Felda Global Ventures Holdings Bhd) are surfacing, huge financial losses by FGV, depletion of Felda’s reserves and, lately, arrest after arrest by MACC (Malaysian Anti-Corruption Commission) on allegations of irregularities in the purchases of hotels in London and Kuching, the government says it is not necessary to set up a RCI,” he said.

He asked what follow-up steps had been taken after the Auditor-General’s Report last year exposed losses of hundreds of millions of ringgit by Felda.
“There is also an allegation of irregularity in the purchase of a 20,000-hectare oil palm plantation valued at RM1.2 billion in Samarahan, Sarawak.
“Anak also understands that 12 investments by FIC (Felda Investment Corporation) valued at a billion ringgit have elements of corruption and abuse of power.
“If we want to list them, there are many projects and investments with problems, or had failed or were abandoned in Felda, FGV and their subsidiaries.
“Is this not enough evidence to warrant the establishment of a RCI?”
Mazlan accused the government of hiding its failures with the excuse of protecting the interests of Felda settlers, and more so since it involved the nation’s top leader.
He said everyone knew the idea to form FGV came from Prime Minister Najib Razak, who announced it in Budget 2011 in Parliament.
The formation and listing of FGV on Bursa Malaysia in June 2012 followed the appointment of Isa Samad as chairman of Felda, he added.

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Re: FELL-LAH
« Reply #113 on: August 15, 2017, 08:36:31 PM »




Felda settlers hope Isa’s arrest is beginning of end to woes
Amin Iskandar
Amin Iskandar
Updated one hour ago · Published on 15 Aug 2017 7:10PM · 0 comments
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Felda settlers hope Isa’s arrest is beginning of end to woes
Mazlan Aliman, chairman of Persatuan Anak Peneroka Felda Kebangsaan (Anak) says Felda Investment Corporations's purchase of hotels in Kuching and London are problematic since the start. – The Malaysian Insight file pic, August 15, 2017.

FELDA settlers today welcomed the arrest of former Felda chairman Isa Samad, hoping that this could be the begining of the end of their woes.

The Malaysian Anti-Corruption Commission arrested Isa earlier today over the Felda Investment Corporation's (FIC) purchase of hotels in London and Kuching

Persatuan Anak Peneroka Felda Kebangsaan chairman Mazlan Aliman said this was good news because many problems had occured in the Felda board under Isa's leadership since 2011.

"We welcome the action by MACC. Like I had said many times before, the purchase of the hotels by FIC had been problematic since the start," Mazlan told The Malaysian Insight.   


Isa was arrested by MACC this afternoon when he went to the commission's headquarters to give his statement.

His arrest is said to be related to the MACC's probe into the purchase of hotels by FIC in London and Kuching at above market prices.

Mazlan hopes Isa's arrest will be the start to solving many Felda issues.

"The plan to rehabilitate Felda must be executed at once. I hope the 'clean-up' at Felda will not end with the arrest of one big name," he said.

"The most important thing is the interests of settlers that have been affected by Felda's problems. The people's interests must be protected."

Felda Second Generation Voices action committee adviser Zulkefli Nordin hopes for a transparent probe by MACC to bring to book those who are guilty.

"We welcome MACC's action because it is unbiased. It proves that MACC is serious in cleaning up Felda," he said.

MACC deputy chief commissioner (operations) Azam Baki confirmed Isa's arrest in a statement.

He said the arrest was following statements taken by the investigation team concerning the hotel purchases.

“We are confident that we have grounds to make the arrest to assist in further investigation into the case," he said.

Isa was previously interrogated about the hotel purchases that were made above market value.

He resigned from Felda Global Ventures Holdings and was subsequently made acting chairman of the Land Public Transport Commission (SPAD) two months ago.

Before the hotel purchase probes, Felda's internal troubles were thrown into public view in June when Isa and suspended FGV chief executive officer Zakaria Arshad, over an Afghan company’s late payment for a shipment of palm oil.

Zakarian maintains his innocence and has urged MACC to probe into allegations of abuse of power and corruption in Felda. – August 15, 2017.

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Re: FELL-LAH
« Reply #114 on: August 15, 2017, 08:37:36 PM »




Haul up other big names in Felda, says anti-graft group
Sharon Tan
Amin Iskandar
Sharon Tan, Amin Iskandar
Updated 46 minutes ago · Published on 15 Aug 2017 7:33PM · 0 comments
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Haul up other big names in Felda, says anti-graft group
Cynthia Gabriel says a special tribunal should be set up to probe into the corruption at Felda. – The Malaysian Insight file pic, August 15, 2017.

THE arrest of Isa Samad has surprised anti-graft group Centre to Combat Corruption and Cronyism (C4) which described it as a “very amazing development”.

C4 executive director Cynthia Gabriel congratulated the Malaysian Anti-Corruption Commission (MACC) and hoped that more big names will be hauled in soon in relation to the corruption at Felda.

“We recommend a special tribunal of independent persons to dissect the issues and call for a revamp to the entire governing system of Felda,”   Cynthia said.

Isa was arrested this afternoon when giving his statement at the MACC headquarters in a probe into the Felda Investment Corporation’s overpriced purchase of hotels in Kensington, London, and Kuching.


He was Felda chairman until some two months ago.

Meanwhile, Malay rights group Perkasa praised MACC for its fight against corruption.

Its secretary-general, Syed Hassan Syed Ali, said Malaysia was now “famous in the eyes of the world for corruption”.

He said Perkasa has always supported MACC’s work in busting graft.

“However, we hope Isa can clear himself of the graft claims.” – August 15, 2017.

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Re: FELL-LAH
« Reply #115 on: August 15, 2017, 08:38:58 PM »




 27 1 0 36
NGO hopes Isa Samad’s arrest not just a political charade
Vanesha Shurentheran and Faiz Zainudin | August 15, 2017
Generasi Warisan Kebangsaan says there shouldn't be a 'mastermind' controlling MACC behind the scenes.
Roslan-Isa--1

PETALING JAYA: An NGO said today it hopes that the arrest of former Felda Global Ventures (FGV) chairman Isa Samad is not a political charade ahead of the 14th general election.
“If we look at the trend, every time elections approach there will be many arrests, but as soon as the elections have passed the cases are forgotten,” Generasi Warisan Kebangsaan president Roslan Isa told FMT.
Roslan said the investigation should be carried out smoothly, adding that there should not be “invisible hands” behind the scenes controlling the Malaysian Anti-Corruption Commission (MACC).
Isa was arrested by the anti-graft agency today in connection with two hotels purchased by Felda subsidiary Felda Investment Corporation (FIC).
A source confirmed this just hours after Isa was detained at the MACC headquarters in Putrajaya.
The source said Isa had been detained over FIC’s purchase of two hotels between 2014 and 2015, one in London and the other in Sarawak.
MACC deputy commissioner (operations) Azam Baki confirmed the arrest, adding that it was a follow-up to earlier statements recorded over the hotel purchases.
Roslan, whose NGO fights for the rights of Felda settlers, said he was happy over the arrest as justice had been served on behalf of the settlers who had been victimised for a long time.

Meanwhile, Centre to Combat Corruption and Cronyism (C4) executive director Cynthia Gabriel said the arrest was an “amazing development” and that MACC should be congratulated on its bold move.
She said no stone should be left unturned in the investigation as more big names could be linked to the corruption in Felda.
“We recommend a special tribunal of independent persons to dissect the issues and call for a revamp of the entire governing system of Felda,” she told FMT.
Isa quit his role as FGV chairman in June after meeting with Prime Minister Najib Razak. He was later appointed an acting chairman of the Land Public Transport Commission (SPAD).
FGV came under investigation following allegations made by the plantation giant’s president and chief executive officer Zakaria Arshad on June 6. He had urged MACC to probe deals made by the company, especially those involving FGV’s procurement department.
There were also allegations of misconduct and abuse of power made against the FGV leadership.
Zakaria met with MACC on June 7 and the agency raided FGV offices in Menara Felda in Kuala Lumpur the following day, carting off files of documents to facilitate its investigations.
On June 21, Isa and his wife Bibi Sharliza Mohd Khalid gave their statements to MACC although no details were forthcoming on why they had been called in.
The London hotel is likely the four-star Grand Plaza Kensington Hotel which FIC acquired on Dec 16, 2014.
Preliminary investigations by MACC revealed that FIC was believed to have bought the hotel at a much higher price than the market price, resulting in the company allegedly losing millions of ringgit.
The four-star hotel in Kuching is also believed to have been bought at a price much higher than its original value.
A source said MACC’s investigation of the Sarawak hotel purchase was a follow-up on the investigation into the London hotel deal.

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Re: FELL-LAH
« Reply #116 on: August 19, 2017, 03:41:18 PM »




I agree to be Felda chairperson because it is unique, says Shahrir

 felda shahrirsamad
 comments      Bernama     Published Today 3:12 pm     Updated Today 3:19 pm

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Federal Land Development Authority (Felda) chairperson Shahrir Abdul Samad said he agreed to be appointed to the post because Felda is unique and not found in other countries.

He said Felda was also established by past leaders solely to develop the community, especially the Malays in improving their living standards.

“I did not ask for this position but I cannot refuse because Felda is unique and is not found in other countries.

“It is only in Malaysia and now many countries are asking us how to establish this institution in their country because of its success,” he said when opening the Kubang Pasu Umno division conference in Jitra today.


Also present were Kubang Pasu Umno division chief, Mohd Johari Baharum and former Kedah Menteri Besar Osman Aroff.

He said Umno through the prime minister at that time, Abdul Razak Hussein had established Felda and the people had to safeguard what had been built by the past leaders.

“We should strengthen further the foundation that has been built and not aspire to dominate the country for the sake of revenge, lust and political ambitions,” he said.

Shahrir, who is also Barisan National Backbenchers Club (BNBBC) chairperson and Johor Baru member of parliament said the success of Malaysia should be a pride of the people, who must safeguard it.

- Bernama

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Re: FELL-LAH
« Reply #117 on: August 21, 2017, 04:46:08 PM »




Malaysian anti-graft officials begin investigations into Felda Global Ventures: Implications on the Najib administration

TOPICS:Barisan Nasional (BN)Federal Land Development Authority (Felda)Felda Global Ventures Holding Bhd (FGV)Idris JalaMalaysian Anti-Corruption Commission (MACC)Najib Abdul RazakZakaria Arshad

Photo: en.kremlin.ru
AUGUST 20, 2017
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Fresh allegations within Felda Global Ventures Holding Bhd pose a big blow to public trust in the Najib administration

By Jane Tay, edited by Anne Hwarng

The unfolding of the dispute

Felda Global Ventures Holding Bhd (FGV), whose biggest shareholder is state-owned Federal Land Development Authority (Felda), has recently come under the spotlight as allegations of graft and possible abuse of power arise. The FGV board has divulged that a deal with Dubai-based palm oil buyer Safitex is at the core of the company’s internal investigation into the alleged mismanagement. This suspected mismanagement has resulted in the suspension of the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and two other executives by the board.

In a statement, the FGV board said Safitex’s debt to an FGV unit, Delima Oil Products, had ballooned from US$8.3 million (RM35.5 million) at the end of 2015 to about US$11.7 million (RM49.92 million) as of 2016. This exceeds the allocated credit limit per PricewaterhouseCoopers’ (PwC) statutory financial audit for FY16. After receiving the PwC report, internal auditors were authorised by the board to probe the matter and they “detected potential contraventions of group policies”.

CEO Zakaria Arshad has denied wrongdoing and refused to step down as instructed by then Chairman Mohd Isa Abdul Samad, who is the former chief minister of Negeri Sembilan state and a former vice-president of Malaysia’s ruling party, the United Malays National Organisation (UMNO).

Zakaria has called on the Malaysian Anti-Corruption Commission (MACC) to conduct its own investigation into the matter on top of FGV’s internal probe and they have since visited FGV’s offices in Kuala Lumpur “to collect supporting documents” and called Isa in for questioning.

The allegation of corruption has had a negative impact on FGV, with brokerage CIMB downgrading FGV to a “reduce” rating from “hold”, saying the suspension of the CEO and CFO for an indefinite period of time will give rise to uncertainties about its direction.

Najib’s Involvement

Malaysian Prime Minister Najib Razak has since stepped into this publicised boardroom spat. He has appointed Idris Jala as an independent third party “to establish the facts of the case” regarding the suspension of FGV’s top executives and “recommend the way forward”, according to a statement from the PM’s office.

The Pemandu Associates President and CEO who also served as a minister in the PM’s department is known as a turnaround specialist in Malaysia, having acted as CEO of Malaysia Airlines in 2006 and returning the national carrier to profitability.

In an unpopular move, Najib has also appointed Isa as acting chairman of the Land Public Transport Commission (SPAD) following his resignation as chairman of FGV. This appointment has been subject to criticism, with the Democratic Action Party (DAP) of Malaysia issuing a statement questioning Isa’s competence, experience and integrity.

Implications for Najib and the Barisan Nasional



With Malaysia expecting to hold a general election within the next year, the resolution of this public spat is critical for both Najib and Felda. Politicians and analysts have indicated that the call for elections may even come as soon as by the end of 2017, as Najib seeks to capitalise on a disorganised opposition and expectations that economic growth may slow in 2018.

Felda “settlers”, or land owners, are the majority voters in at least 54 of the 222 seats in the parliament and form a key vote bank for Najib’s ruling alliance in battleground states. The Barisan Nasional (BN) coalition had won all but six of those seats in the 2013 election.  According to Oh Ei Sun, principal adviser to the Pacific Research Centre in Malaysia, Felda settlers – together with districts in the east dominated by ethnic Malays – will determine the outcome of the election.

The latest FGV scandal is but another issue further fueling the existing discontent surrounding Felda. The settlers, the bulk of whom hold shares at FGV, are already upset by a long decline in share value, with the stock 62 percent below its listing price in 2012. As at December 31, 2016, FGV recorded a profit after tax and minority interests (Patami) of RM31.5 million, which was a far cry from the Patami of RM982.3 million in 2012.

Complaints about late assistance payments from Felda have added to the settlers’ distrust of the government. Felda often issues loans as a monthly allowance until land bears fruit, which could take years, raising the risk of settlers falling into debts they are unable to handle.

Najib told a gathering of settlers last September that the government was working on ways to improve the system, but according to Shahaniza Shamsuddin, a lawmaker with Najib’s UMNO, “that matter hasn’t fully died down yet”.

Najib has since taken remedial action to rally his support base within Felda settlers. According to the official Bernama news agency, Najib has announced an RM500 (US$117) payment to Felda families to help them celebrate the festival for the end of Ramadan. FGV will also pay an RM280 dividend to the almost 95,000 settlers who hold shares.

While some settlers have started to lose faith in BN and the Najib administration, BN still has a clear advantage, according to Ibrahim Suffian, executive director at the Merdeka Center for Opinion Research. He expressed that despite the opposition’s increased visits to settler communities, the chances of winning them over are limited as “the opposition currently lacks convincing leadership or clarity of message”.

Lawmaker Shahaniza has also weighed in on the issue, voicing that her constituents still thought BN could help address Felda’s issues. She remains optimistic, saying that with the MACC getting involved, “we’re hoping a solution is in sight for FGV’s problems”. It remains to be seen if the reputation of Najib and his team can be sufficiently repaired with the MACC’s handling of the scandal, and whether this can be achieved in time for the pending elections.

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Re: FELL-LAH
« Reply #118 on: August 25, 2017, 03:22:44 PM »




 21 1 0 22
Felda questioned after settlers told to re-submit titles
FMT Reporters | August 25, 2017
With Felda mired in problems, an NGO says the request for documents to qualify the settlers for the RM5,000 incentive payment is causing confusion and worry.
Mazlan-Aliman-logo-anak-peneroka-felda-malaysia-1PETALING JAYA: An NGO is demanding an explanation from the Federal Land Development Authority (Felda) as to why settlers need to hand over titles to their houses and smallholdings to qualify for the RM5,000 incentive announced by the government last month.
In a statement, Persatuan Anak Peneroka Felda Kebangsaan (Anak) claimed many settlers, beneficiaries or administrators of smallholdings were “confused” and “hesitant” over Felda’s directive.
Mazlan Aliman, the chairman of the NGO which represents the second and third generations of Felda settlers, pointed out that copies of the same documents had already been handed over to Felda to entitle the settlers to receive a “windfall” payment of RM15,000 before the 13th general election.
“If the records and information of the settlers are already at the Felda headquarters and the local office of Felda, why is there a need to submit these details again?”

With Felda mired in problems, he said surrendering documents and copies of ownership titles without sound reasons would surely cause concern.
“The documents could be manipulated and used to trap the settlers,” he said.
Last month, Prime Minister Najib Razak announced six incentives for Felda settlers.
Apart from a special incentive of RM5,000 to 94,956 fully eligible families of Felda settlers, other benefits included the setting-up of a special fund and a grant as well as a housing incentive.

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Re: FELL-LAH
« Reply #119 on: September 07, 2017, 07:04:42 PM »




 16 3 0 19
Felda has RM12.6 billion in acquired debts, claims Rafizi
Sheith Khidhir Bin Abu Bakar | September 7, 2017
The PKR vice-president wants Felda to prove him wrong by filing its 2015 and 2016 financial statements at next month's parliamentary sitting.
Rafizi-Ramli_felda_600_1

KUALA LUMPUR: PKR vice-president Rafizi Ramli wants Felda to table its 2015 and 2016 financial statements at next month’s parliamentary sitting.
If it fails to do this, then the people, including Felda settlers, will be forced to judge Felda’s performance based on his own calculated assessments, he said.
Rafizi claims the acquired losses come to RM12.6 billion.
“I know that Felda is not making any money because it has been making losses since 2012.”
Speaking during a press conference via Facebook from Invoke today, Rafizi pointed out that although Felda was required by law to table its audited yearly financial statements in Parliament, the last time it did was in 2014.
He also noted that Felda chairman Shahrir Samad had in February said the statements would be tabled in the March parliamentary sitting.
“Two parliamentary sittings have passed and the statements have yet to be seen,” Rafizi said.
Rafizi noted that he had brought up the matter last August and requested an explanation from both Shahrir and Prime Minister Najib Razak. To date, they have remained silent on the matter, he added.


“I know that the reason these two are keeping quiet is because they are praying that the matter will slowly die off.
“I also know that if the 2015 and 2016 financial statements are tabled, it will cause big trouble for Najib.
“It’s becoming a trend that whenever companies owned by the government are embroiled in scandals, there’s a delay in the tabling of their financial statements.”
He claimed that the last time 1MDB had submitted its financial statements to the Companies Commission of Malaysia was in March 2014.
He said that he had made an assessment of Felda’s financial situation, based on the last financial statement it tabled in 2014 as well as media reports.
The 2014 statement showed that Felda had debts of RM7.7 billion.
Deputy Minister in the Prime Minister’s Department Razali Ibrahim, in reply to a question in Parliament in 2016, had said Felda had acquired RM2.6 billion in debts.
A report from an Indonesian business news provider had also revealed that Felda had to pay Eagle High Plantations for purchase of shares in April costing RM2.2 billion.
“The total comes to RM12.6 billion. Its group earnings have not been more than RM1 billion each year.
“RM1 billion each year is only enough to pay off the interests on these debts, not the principal.
“The best way for Najib to defend himself and the numerous promises he’s made to Felda settlers is to ensure that the 2015 and 2016 financial statements are tabled as soon as possible.
“If this is done and it turns out that I’m wrong, then I will accept whatever legal action that is taken against me.”

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Re: FELL-LAH
« Reply #120 on: September 08, 2017, 02:25:50 PM »




Rafizi likens Felda to 1MDB, estimates RM8.7b in accumulated losses

 1mdb feldagroup fgv
 2 comments     Published Today 1:08 pm     Updated Today 2:10 pm

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PKR vice-president Rafizi Ramli estimated today that Felda had incurred accumulated losses of up to RM8.7 billion from 2013 to 2015 due to the public listing of Felda Global Ventures Holdings Bhd (FGV).

This has put the Felda Group and FGV in the same category with 1MDB in terms of weak financial status, he said in a statement today.

Rafizi, who had projected yesterday that the agency will have an accumulated debt of RM12.6 billion as of December this year, continued to highlight Felda's losses...

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Re: FELL-LAH
« Reply #121 on: September 20, 2017, 08:18:56 AM »




Where’s the money, Felda settlers ask government
Sheridan Mahavera
Sheridan Mahavera
Updated 15 minutes ago · Published on 20 Sep 2017 7:41AM · 0 comments
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Where’s the money, Felda settlers ask government
Prime Minister Najib Razak had pledged in July that each of the 94,956 Felda settler families will get a RM5,000 bonus to be paid out by the end of August. – The Malaysian Insight file pic, September 20, 2017.

TWO months after being told of a windfall from the government, Felda settlers are sceptical that they will see any of the incentives Prime Minister Najib Razak had promised them.

This cynicism, most of which comes from second-generation settlers, will impact the government’s ability to woo this crucial voting bloc, which has traditionally sided with the Barisan Nasional ruling coalition.

Felda settlements in the nationwide land-development scheme are spread out in 54 parliamentary seats.

In late July, as part of Felda Day celebrations, Najib pledged that each of the 94,956 settler families will get a RM5,000 bonus to be paid out by the end of August.


“But we are nearing the end of September and have not seen a sen of that money,” said Mohamad Tarmizi, of Felda Jengka 10, in Jengka, Pahang.

“The mock cheques have been delivered to our settlements. But we have yet to see the money,” said the 39-year-old.

Another second-generation settler, Andak Ahmad said he and his friends are used to being disappointed by the government.

“We will just wait and see. We are not hoping for anything because we have had bad experiences with these types of promises,” he said when met on the sidelines of opposition coalition Pakatan Harapan’s ceramah, ‘Malam Semarak Kasih Felda’, in Jengka last night.

The PH ceramah is the coalition’s latest attempt to get the Felda vote, and also the first ceramah after Najib announced the incentive package.

The RM5,000 bonus, which was said to total RM474.78 million, was announced alongside various schemes to write off the settlers’ debts.

https://www.themalaysianinsight.com/s/8371

An RM300 million grant was also provided to write off loans that settlers took to replant their holdings.

But even some first-generation settlers, who are among BN’s most loyal supporters, are not banking on these promises.

“We haven’t seen any of the RM5,000. So I don’t care about the incentives,” said Jali Sulong of Felda Jengka 12.

The 66-year-old believes Najib’s announcement was a big election ploy and he questioned whether the government really serious about erasing some of their debts.

For nine years, Jali had worked hard to pay-off RM33,000 he owed to Felda for the latter’s replanting scheme. He thought he had paid off almost all of it by the middle of this year, except for a balance of RM274.

“But then I checked in August and Felda says I owe them about RM2,900.

How did RM274 suddenly turned into RM2,900. So, how am I going to believe these promises?”

In his speech at last night’s ceramah, PH chairman Dr Mahathir Mohamad also questioned the sincerity of Najib’s promises.

“He may promise you RM5,000 or even RM10,000 but is he really going to pay up? He can promise you anything because he wants your vote, but at the end of the day will he pay?”

Najib’s spurious claims to Felda folk started the moment his administration decided to create Felda Global Ventures Holdings Bhd (FGV) in 2012 and list it on the stock exchange, said Dr Mahathir.

“When he wanted to list it, he promised to all of you settlers that if the price went up from RM4 to RM10, you will all turn into millionaires.”

About 77,934 settler families took out loans of more than RM3,600 to pay for 800 units of FGV shares in 2012. Each month, RM50 is deducted to pay for the loan.

However, FGV’s shares have plunged from a high of RM4.55 to about RM1.66 now.

The government has pledged to pay off part of the loans settlers took to buy these shares.

“But look at the price of shares now. Did you benefit from FGV?

“If Najib offers you money for your vote you must think very hard. Because if you sell your vote, then this country will be ruined for the next five years because his government is the government of a thief,” said Dr Mahathir. – September 20, 2017.

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Re: FELL-LAH
« Reply #122 on: September 20, 2017, 09:53:38 AM »




We’ll fix your debt, housing problems, PH tells Felda settlers
Sheridan Mahavera
Sheridan Mahavera
Updated about 29 minutes ago · Published on 20 Sep 2017 9:00AM · 0 comments
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We’ll fix your debt, housing problems, PH tells Felda settlers
Felda settlers at a ceramah by Pakatan Harapan chairman Dr Mahathir Mohamad in Jengka, Pahang, last night. – The Malaysian Insight pic by Zainal Abd Halim, September 20, 2017.

RESTRUCTURING Felda settlers’ loans and reviving an abandoned housing scheme are part of Pakatan Harapan’s plan to fix the troubled land development agency if it is voted into federal power.

The plan, which was briefly revealed at a ceramah last night, is a major part of the opposition coalition’s bid to win over this crucial bloc of voters, which has traditionally come out in full support of the ruling Barisan Nasional alliance, in the next general election.

PH leader Mazlan Aliman urged settlers not to be swayed by handouts from BN.

“If BN gives you RM5,000, please consider whether this is enough for the next five years. How many months can RM5,000 last you?” Mazlan asked the crowd at the ‘Malam Semarak Kasih Felda’ ceramah in Jengka, Pahang, last night.


The administration of Prime Minister Naijb Razak, Mazlan claimed, had mismanaged Felda and impaired its ability to provide a sustainable income for settlers.

“In the past, Felda Plantations (a subsidiary of Felda) could generate RM1 billion in revenue for Felda. It provided 80% of Felda’s revenue so that it did not have to rely on the government,” said Mazlan.

“But then FGV (Felda Global Ventures Holdings) came into being under Najib to replace Felda Plantations. And suddenly Felda lost this revenue stream,” said Mazlan, who is the son of a Felda settler from Johor.

The ceramah by PH is the coalition’s latest attempt to get the Felda vote before the 14th general election is called.

Felda settlements in the nationwide land development scheme are spread throughout 54 parliamentary seats. There are about 112,000 families with a population of close to one million people living in Felda settlements.

Settlers have complained about problems in repaying debts owed to Felda for replanting their smallholdings and the inconsistent payments for their harvests.

Mazlan said over 530 units of homes for second-generation settlers in Johor had also yet to be completed, despite work starting three years ago.

Both the opposition and BN have promised to offer a way out of the settler’s debts and housing problems, in their bid to win over this crucial voting bloc.

The Najib administration announced a package of six incentives last July to sooth the brewing dissatisfaction among Felda settlers, who are estimated to number about one million people.

The package includes a special RM5,000 bonus that should have been paid by the end of August for 94,956 families totalling RM474.78 million and various schemes to write off settlers’ debts.

There is also a debt write-off of RM5,000 for each settler who opts to replant with Felda. About RM519 million have been earmarked for this scheme.

A RM300 million grant has been provided to write-off loans that settlers took to replant their holdings.

Mazlan however, questioned whether the Najib administration would be able to deliver on their promises given its bad track record in Felda and FGV.

FGV, Najib’s brainchild, is slowly emerging from a board room power struggle. Its former chairman and Najib ally, Isa Samad, is under investigation by the Malaysian Anti-Corruption Commission.

After being released from remand last month, Isa, however, has not been charged. – September 20, 2017.

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Re: FELL-LAH
« Reply #123 on: September 21, 2017, 07:01:15 AM »




Felda nafi laporan peneroka di Pahang tak dapat insentif RM5,000
FMT Reporters | September 21, 2017
Pengerusi Felda, Tan Sri Shahrir Abdul Samad menjelaskan 83% atau 8,750 peneroka di Felda Wilayah Jengka di negeri itu sudah menerima bayaran insentif RM5,000 setakat semalam.
shahrir-samad-felda

PETALING JAYA: Lembaga Kemajuan Tanah Persekutuan (Felda) hari ini menafikan laporan sebuah portal berita yang mendakwa peneroka di Felda Jengka 10 dan 12 di Pahang belum mendapat bayaran insentif RM5,000 diumumkan perdana menteri, Julai lalu.
Pengerusi Felda, Tan Sri Shahrir Abdul Samad menjelaskan 83% atau 8,750 peneroka di Felda Wilayah Jengka di negeri itu sudah menerima bayaran insentif RM5,000 setakat semalam.
“Bagi Felda Jengka 10, 355 daripada 370 peneroka yang layak telahpun menerima bayaran, manakala bagi Jengka 12 pula, seramai 274 daripada 342 peneroka yang layak telah menerima bayaran insentif tersebut,” katanya dalam kenyataan hari ini.
The Malaysia Insight hari ini melaporkan beberapa peneroka generasi ke-2 mendakwa belum mendapat bayaran RM5,000 yang diumumkan Datuk Seri Najib Razak, Julai lalu dan sepatutnya dibayar pada akhir bulan lalu.
Peneroka Felda Jengka 10, Mohamad Tarmizi dipetik sebagai berkata, cek contoh sudah diserahkan kepada kawasan terbabit, tetapi wang itu belum lagi diterimanya.
Andak Ahmad pula dilaporkan berkata, beliau dan rakannya tidak menaruh harapan terhadap insentif itu kerana mereka sudah lali dikecewakan kerajaan.
Jali Sulong dari Felda Jengka 12 yang merupakan peneroka generasi pertama dilaporkan berkata, beliau tidak mengharapkan BN menunaikan janjinya.

Beliau yang juga penyokong setia BN percaya pengumuman Najib itu sekadar helah pilihan raya dan mempersoalkan kerajaan jika serius untuk membantu peneroka melangsaikan hutang mereka.
Shahrir berkata, semakan Felda mendapati peneroka di Jengka 12 yang diwawancara portal berita itu tidak mendapat insentif berkenaan kerana mereka tidak menghantar hasil kelapa sawit sejak Januari hingga Jun lalu.
Beliau berkata, peneroka yang sudah menandatangani surat akuan untuk kembali bersama Felda akan menerima insentif itu mulai Februari 2018, jika mereka menghantar hasil kepada Felda secara berterusan dalam tempoh 6 bulan.
“Selain itu, ibu kepada anak peneroka Felda Jengka 10 yang ditemu bual juga sebenarnya telah menerima bayaran insentif tersebut pada 19 September lalu.”
Katanya, seramai 79,093 peneroka di seluruh negara menerima insentif khas RM5,000 secara berperingkat pada 30 Ogos dan 19 September lalu yang dimasukkan ke akaun bank mereka.
Beliau berkata, sebahagian peneroka yang menghadapi masalah teknikal pula akan mendapat bayaran tunai pada akhir bulan ini, manakala peneroka yang masih tidak mengemas kini akaun bank pula akan dibayar dengan cek pada bulan depan.
Pada 23 Julai lalu, Najib mengumumkan 6 insentif untuk peneroka, termasuk bayaran insentif khas untuk kebajikan warga Felda sebanyak RM5,000 kepada 94,956 keluarga peneroka yang layak penuh.
“Dengan jumlah peruntukan RM474.78 juta, pembayaran akan mula dibuat pada penghujung Ogos ini,” katanya pada sambutan Hari Peneroka Felda peringkat Kebangsaan 2017 di Putrajaya, 2 bulan lalu

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Re: FELL-LAH
« Reply #124 on: September 21, 2017, 08:20:08 PM »



Not all Felda settlers qualify for RM5,000 incentive
The Malaysian Insight
The Malaysian Insight
Updated one hour ago · Published on 21 Sep 2017 6:30PM · 0 comments
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Not all Felda settlers qualify for RM5,000 incentive
A worker loads palm oil fruit bunches onto a lorry in Jengka, Pahang. Felda settlers are to receive a special incentive as part of a package that was announced by Prime Minister Najib Razak in late July. - The Malaysian Insight filepic, September 21, 2017.

FELDA has clarified why some settlers did not qualify for its special RM5,000 incentive, which had been promised by the end of August.

The agency’s chairman Shahrir Samad said settlers must meet two requirements to qualify.

They must either be those whose holdings are wholly managed by Felda or those who have consistently sent their harvests to Felda from January to June this year, Shahrir said in a statement.

The agency was responding to a report by The Malaysian Insight yesterday, which quoted two settlers from Jengka, Pahang, who claimed to have not received the incentive.


Mohamad Tarmizi of the Jengka 10 settlement and Jali Sulong of Jengka 12, told The Malaysian Insight that they did not receive the special incentives despite it being announced in late July.

Although he did not explicitly name the settler, Shahrir explained why Jali did not qualify for the special incentive.

Jali did not directly send his palm oil harvest to Felda from January to June this year, Shahrir said.

“However, he has signed a letter saying that he will cooperate again. If he continuously sends his harvests directly to Felda for six months, he will qualify to receive the incentive in February 2018.”

Meanwhile, Mohamad Tarmizi’s mother was given the special incentive on Tuesday, Shahrir said. Tarmizi is a second-generation settler.

The RM5,000 special incentive is part of a package that was announced by Prime Minister Najib Razak in late July to ease the burdens faced by Felda settlers.

Felda settlements in the nationwide land-development scheme are spread out in 54 parliamentary seats. The 112,000 settler families have traditionally supported the ruling Barisan Nasional.

Along with the RM5,000 incentive, Najib announced various schemes to write off the settlers’ debts such as a RM300 million grant to write off loans that settlers took to replant their holdings.

In his statement today, Shahrir also said that as of Tuesday, 83% of 8,750 settlers spread throughout Jengka’s settlements have received the RM5,000 incentive.

Some 355 of 370 settlers in Jengka 10, and 274 of 342 them in Jengka 12 have received the incentive, Shahrir said.

He added that 79,093 settlers throughout Malaysia have received the special incentive.

Those who have technical issues will receive the incentive in the form of cash by the end of September while those who have not updated their bank account details will receive a cheque by the end of October. – September 21, 2017.

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Re: FELL-LAH
« Reply #125 on: October 11, 2017, 09:07:34 PM »





Malaysians Must Know the TRUTH
TUESDAY, OCTOBER 10, 2017
SHAHRIR LIED – FELDA WILL LOSE RM38MIL, NOT MAKE PROFIT FROM SALE OF LONDON PROPERTY – RAFIZI

THE Federal Land Development Authority (Felda) stands to lose RM38 million from the sale oGrand Plaza Serviced Apartments in London, said PKR vice-president Rafizi Ramli today.
He said Felda chairman Shahrir Abdul Samad’s statement falsely implied that Felda would profit from the sale of the apartment.
“The fact is, the hotel has not yet been sold and it has been on the market since July. My research shows that there has not been any buyers.
“The RM538 million purchase in 2013 does not only not suit Felda’s business portfolio, it will also incur a loss should it be sold now when Felda is not doing well and lacking funds,” said Rafizi.
The Pandan Indah MP said Shahrir’s statement was also arrogant and irresponsible and did not show that Felda understood the hardship Malaysians were going through.
“I am saying he (Shahrir) is arrogant because he made light of Felda’s financial scandal which consequences the people would have to bear.
“It (the statement) did not strike me as being remorseful at all, but instead came across as arrogant,” he told a press conference at Invoke headquarters in Kuala Lumpur today.

Rafizi was responding to Shahrir, who had compared the sale of the London hotel to the sale of a luxury car in an interview with China Press.
Shahrir denied that Felda had sold the property and shares due to weak finances. He also said the sale of the property would not hurt Felda beyond denting the ego.
Rafizi said he and his team had found out that except in the year of Felda’s purchase, the Grand Plaza Serviced Apartments had not turned a profit at all.
“FIC (Felda Investment Corporation) UK Properties Sdn Bhd’s financial statements confirm that Felda lost RM9 million in 2014 and the amount increased to RM16.7 million the following year,” Rafizi said.
– https://www.themalaysianinsight.com
Mohd. Kamal bin Abdullah at 3:06 AM

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Re: FELL-LAH
« Reply #126 on: October 13, 2017, 06:47:44 AM »




Shahrir: Felda far from bankrupt, assets exceed liabilities
Bernama
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MELAKA: The chairman of the Federal Land Development Authority (Felda) has dismissed allegations it has resorted to selling its London properties because it is on the brink of bankruptcy.

Calling the allegations uncalled for, its chairman Shahrir Abdul Samad insisted Felda’s assets exceeded its liabilities.

He said bankruptcy could only occur when one’s assets were worth less than one’s liabilities, resulting in a situation where one was unable to settle one’s debts. He explained however, that the situation with Felda was the exact opposite.

“When we have a surplus we convert it to bank savings or buy fixed assets.

“So, with fixed assets we sell part of them to solve cash-flow issues; no point keeping a lot of properties and not selling them,” he told reporters after a gathering organised by the Felda Malaysia Youth Council here today.

Felda has put the Grand Plaza Serviced Apartments in London on the market as part of its initiatives to reorganise and restructure its assets in order to strengthen its financial position.

Shahrir said Felda plunged into debt last year and needed to seek ways out of the quandary through internal resources by diluting its assets.

He said these strategies however, would not affect its function and responsibility as these were not its core business.

“If the London hotel sale can affect the welfare and prosperity of Felda settlers, we will not do it.

“Now we are going back to our original responsibility, our core business. The hotel is not our responsibility or core business,” he said.

Shahrir also said he was confident of the abilities of Felda Global Venture Bhd (FGV) president and chief executive officer Zakaria Arshad, who resumed his duties on Monday.

He said Zakaria and FGV chairman Azhar Abdul Hamid would team up to steer the Felda subsidiary to become a competitive business entity.

“I am confident that the duo will be able to take FGV to greater heights.

“FGV is like a ‘child’, while Felda like ‘a father’ will certainly trust this entity to grow and succeed in business for Felda’s advancement,” he said.

Zakaria was given leave of absence in June pending a probe of certain deals under Delima Oil Products Sdn Bhd, which is a subsidiary of FGV.

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Re: FELL-LAH
« Reply #127 on: October 20, 2017, 02:33:00 PM »




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Owner of London hotel bought by Felda ‘removed from list of BVI-registered firms’
Asila Jalil
Asila Jalil
Updated 17 hours ago · Published on 19 Oct 2017 8:39PM · 0 comments
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Owner of London hotel bought by Felda ‘removed from list of BVI-registered firms’
Rafizi Ramli says Felda has no choice but to trace and disclose the owner of FIC London Hotel (Pte) Ltd if it were to have any chance of recovering ownership of Grand Plaza Kensington Hotel in London. – The Malaysian Insight pic by Kamal Ariffin, October 19, 2017.

THE owner of a London property bought by the Federal Land Development Authority (Felda) has been removed from the list of companies registered in the British ****** Islands (BVI), said PKR vice-president Rafizi Ramli.

He said his research revealed that FIC London Hotel (Pte) Ltd, the official owner of Grand Plaza Kensington Hotel, had been struck off the list on May 3 last year due to the non-payment of annual fees.

He said the ownership of two properties paid by Felda remained unknown.

"I have carried out official searches with the UK’s HM Land Registry, which prove that the official titles of ownership for (at least) two expensive properties paid for by Felda were registered in the name of BVI-registered companies, whose ownership remains unknown until today," he said during a press conference at the Invoke headquarters today.


The two properties are Grand Plaza Kensington Hotel, which was bought for £60 million (RM330 million) in 2014, and Felda House, which was constructed for approximately RM380 million in 2015 and owned by FIC Global Limited, registered in BVI.

The Pandan MP said he had yet to get a response from Felda chairman Shahrir Samad, Prime Minister Najib Razak and the Malaysian Anti-Corruption Commission regarding the exposes.

"I was expecting a simple denial that I have gotten it wrong as it is better that I am proven wrong than the possibility that at least RM1 billion in public funds had been diverted suspiciously. 

"I hereby request a full explanation from Najib and Shahrir on the status of Felda’s investment in Grand Plaza Kensington Hotel in London.

"Now that FIC London Hotel (Pte) Ltd has been struck off and the company officially holds the title to the RM330 million hotel bought by Felda, how does Felda plan to recover ownership of the hotel? 

"Felda has no choice but to trace and disclose the owner of FIC London Hotel (Pte) Ltd if Felda were to have any chance of recovering ownership of the hotel.

“Who is behind FIC London Hotel (Pte) Ltd? Is Felda going to make a public statement soon to respond to the series of exposes I have been making since last week?”

On Sunday, Rafizi had asked that Felda reveal the owners of the London property.

According to Felda’s latest financial statements, the hotel is managed by Grand Plaza Kensington Ltd but owned by FIC London Hotel Pte Ltd.

Both companies are based in the UK and owned by Felda subsidiary Felda Investment Corporation Sdn Bhd.

In July, MACC chief Dzulkifli Ahmad had directed that the purchase be investigated, and documents were seized in connection with the buy. – October 19, 2017.

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Re: FELL-LAH
« Reply #128 on: November 15, 2017, 06:30:29 AM »




MACC will open more files on Felda, says Shahrir
Amin Iskandar
Asila Jalil
Amin Iskandar, Asila Jalil
Updated 10 hours ago · Published on 14 Nov 2017 7:38PM · 2 comments
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MACC will open more files on Felda, says Shahrir
Felda chairman Shahrir Abdul Samad says today the land agency is open to other probes. – The Malaysian Insight pic by Najjua Zulkefli, November 14, 2017.
THE Malaysian Anti-Corruption Commission (MACC) will be investigating more cases involving wrongdoing and corruption in Felda, said the agency’s chairman, Shahrir Abdul Samad.

Shahrir said MACC’s investigation into the agency is unlikely to be limited to the purchase of a hotel in Kuching, and property in Kensington, London, by Felda Investment Corporation (FIC).

“I don’t think it (the investigation) will only stop with FIC and the Kensington property, but there will be other cases.   We are open to investigation,” the Johor Baru MP said during a press conference at Dialogue TN50 with Felda new-generation settlers at Menara Felda in Kuala Lumpur today.

Present was Youth and Sports Minister Khairy Jamaluddin.


MACC is currently investigating FIC’s purchase of the Hotel Grand Borneo in Kuching, which is affiliated to the 1Borneo Hypermall in Kota Kinabalu, Sabah.

FIC reportedly paid RM86.4 million for the hotel in 2012.

Meanwhile, Merdeka Palace, a five-star hotel with 213 rooms, in Kuching was allegedly purchased for RM50 million more than its original value.

Park City Grand Plaza in Kensington was reported to have been bought for RM330 million, allegedly RM220 million more than its original value of RM110 million.


The acquisition is FIC’s first London property and Felda’s second. FIC is a wholly owned subsidiary of Felda.

The Kensington purchase was made under FIC chief executive officer Mohd Zaid Abdul Jalil during the time that Isa Samad was chairman of Felda Global Ventures Holdings Bhd (FGV), another Felda subsidiary.

MACC has called on a few individuals to assist in investigations regarding the purchases and have also raided a few locations, including Isa’s office when he was in FGV and the Land Public Transport Commission (SPAD) office.

In March 2015, MACC questioned one of Isa’s sons over the Kensington purchase, according to Malaysiakini, citing a source privy to the investigations.

In May that year, Paul Low, the minister in charge of transparency and integrity, told Parliament that MACC found no wrongdoing in FIC’s London purchase.

In January this year, newly appointed Felda chairman Shahrir ordered all FIC board members to resign to facilitate the reorganisation of the company.

Isa resigned from FGV on June 19 after a public row with FGV president and CEO Zakaria Arshad over questionable deals worth hundreds of millions of ringgit.

Isa has since been appointed acting chairman of SPAD.

FIC was previously known as Capital Protocol Sdn Bhd before it was incorporated by Felda in July 2013. –November 14, 2017.

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Re: FELL-LAH
« Reply #129 on: November 21, 2017, 09:05:02 AM »



Indebted to Felda for llfe
Zulkifli Sulong
Zulkifli Sulong
Updated one hour ago · Published on 21 Nov 2017 7:00AM · 0 comments
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Indebted to Felda for llfe
Settlers in Felda Chini in Pekan, Pahang are spending their sunset years trying to repay the massive debt the government agency says they owe. – The Malaysian Insight pic by Hasnoor Hussain, November 21, 2017.

AFTER signing a deal to allow Felda to replant his plantation in 2004, Ahmad Hashim left Felda Chini 4 in Pahang in search of job opportunities.

The 61-year-old returned to claim his land after three years, when they  trees had reached maturity and began fruiting.

However, his application to take back the land was rejected as Felda claimed he still owed the government agency money, Ahmad told The Malaysian Insight.

“They estimated that the land would break even in five years. So I was told to wait first,” said Ahmad in Felda Chini in Pekan, the constituency of Prime Minsiter Najib Razak, whose home state is Pahang.


In 2012, Ahmad again met Felda management to get his land back, but was again turned away as the agency said he still owed money.

It was then that Ahmad began wondering how much he owed Felda for replanting and the RM1,500 allowance he was paid monthly,  and whether his plantation would ever yield enough to pay off the debt.

Former plantation manager Shariman Alang Ahmad said oil palms usually started producing in the fourth year, yielding six to nine tonnes of oil per hectare that year.

“The yield will then increase by three tonnes each year until the trees enter their eighth and ninth year. By then they should produce around 20 tonnes per hectare a year. The yields begin declining when the trees turn 20 years old,” said Shariman.

The current price of oil palm is RM5,500 to RM6,500 per tonne.

“We don’t know how much we owe Felda”

Ahmad said he had asked Felda for a financial report or balance sheet of his holdings. But the settler said he was pushed from place to place.

“I want to know how much I still owed them and the yields of my land. Is that too much to ask?,” he said, expressing his disappointment over the Felda management in his area.

Another settler, Akhir Ahmad has run up a RM98,000 debt to Felda, six years after signing the replanting agreement.

“I am really shocked at the amount I still owed them. After six years, my debt is RM98,000. I’m so angry because Felda didn’t tell us it was going to be like this when we signed the agreement,” he said.

He said the debt was the accumulation of replanting costs and monthly living allowance Felda paid the settlers.

“The problem is, they don't tell us the income generated from the land, after it starts producing yields,” he said.

Tired of being left in the dark, he and other settlers gathered to meet Felda to talk about the replanting agreement and its impact to the settlers.

“We managed to get about 400 settlers together in 2010 and we discussed the issue with Felda officers,” said Akhir.

“I said what Felda was doing went against the vision of its founder, the late Tun Razak,” he said, adding that the settlers began efforts to reclaim their lands after the meeting.

“In Felda Chini 4, which houses more than 400 settlers, there are about 100 settlers who are still allowing Felda to manage their lands.

“The rest have begun managing their own estates."

As a settler managing his own holdings, Ahmad said he earned RM4,500 to RM5,500 monthly.

Perpetual debt

Felda Chini opened in 1978 and after 20 years, the yields declined and the trees had to be replanted. The settlers were given the option of Felda’s replanting scheme in 2004.

Most of the settlers had taken up the deal, which let Felda fully manage their holdings from replanting oil palm trees to pruning and harvesting the fruits.

During the replanting period, settlers received a monthly RM1,500 living allowance that was to be repaid once their estates begin turning in a profit.

Ahmad said starting June, Felda no longer paid the settlers the RM1,500 living allowance. Instead, the sum the settler is paid is determined by the yield of his holdings.

Second generation Felda settler, Mohd Firdaus Salleh, 31, said his father, who took part in Felda's scheme, now earned RM2,000 to RM3,000 a month.

But Felda was deducting RM400 each month as repayment for the RM130,000 owed to the agency according to the replanting agreement.

“How long will it take for us to repay the debt? Even after we inherit the land and after another round of replanting, we will still be in debt,” he said. – November 21, 2017.

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Re: FELL-LAH
« Reply #130 on: November 21, 2017, 09:06:28 AM »




No Felda, no problem, for Bakar
Zulkifli Sulong
Zulkifli Sulong
Updated about 2 hours ago · Published on 21 Nov 2017 7:00AM · 1 comments
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No Felda, no problem, for Bakar
Life is good these days for Bakar Hashim and his family in Felda Chini Timur Satu in Pekan, Pahang. – The Malaysian Insight pic by Hasnoor Hussain, November 21, 2017.

LOOKING back, Bakar Hashim is glad he did not go with the flow and take up Felda’s replanting scheme.

At a time when most of his friends in Felda Chini Timur Satu chose to  surrender the management of their smallholdings to Felda in return for replanting, Bakar stood firm as he felt something was not quite right about the agreement.

He thought the terms were fuzzy and could bind his children and grandchildren to debt.

Instead, Bakar forked out RM15,000 to replant his four-hectare plot. That, he said, was much lower than the RM100,000 it would cost some of his friends who had signed on for the Felda replanting scheme.


Bakar said he cleared his plantation by poisoning the old trees and bought oil palm seedlings, which he paid labourers to plant, and later, fertilise.

After three years, Felda paid him RM17,000 from the replanting fund and RM5,000 for removing the old trees.

“As such, I didn’t lose RM15,000 by replanting but instead made a profit of RM7,000, and did not have to surrender my land to Felda to take part in its programme,” Bakar told The Malaysian Insight in Chini.

Felda Chini Timur 1 is one of the Felda settlements in the Pekan constituency, which MP is Prime Minister Najib Razak.


The 62-year-old settler said he turned down Felda’s offer to replant his plantation after speaking with his children.

Bakar said it was really a bit of luck that his son, Mohamad Hisommudin Bakar had attended the briefings about the replanting scheme.

Hisommudin, who was a university student activist, said what he heard did not make sense. Felda had told the settlers that they would surely fail if they tried to replant themselves and would only succeed if they went with Felda.

At the time, Hisommudin said, almost all of the 400 settlers in attendance had agreed with him, so much so that the Felda officers decided it was no use going on and called the meeting to an end.

After Hisommudin had returned to campus, however, Felda officers returned to persuade the settlers to sign up for the replanting scheme.

“In the end, only my father and 10 more settlers decided not to sign the replanting agreement and to work their own lands,” Hisommudin told The Malaysian Insight.

But people like his family were the minority and Hisommudin said only 5% of the settlers decided to do the work themselves. The rest took up  Felda’s offer.

Not following the herd

Hisommudin’s mother, Hawariah Mohamad, said it was hard work doing the replanting themselves.

“Our house was filled with oil palm seedling. Even the neighbours would make fun of us. They used to ask us what the seedling were and I said they were snake fruit,” said Hawariah.

The snake fruit seedling resembles the oil palm seedling.


Hawariah also remembers the pressure on the family for not going with the herd.

“It was like Israel pressuring the Palestinians,” said the retired religious teacher.

Hisommudin said his father was tempted to give up many times

“My father wanted to give up and let Felda take over. But we discussed it as a family, we asked him to hang on,” said the Ilham Centre executive director.

Reaping what he sowed

But all that hard work has paid off.  The family now hold their heads high in the village where they were once shunned for daring to rebel.

Bakar earns RM5,000-RM5,500 each month from the oil palms and he is debt free, to boot.

His fellow settlers who took up the replanting scheme, meanwhile, draw RM2,000 to RM3,000 a month. And, they owe Felda for replanting their land and for the living allowance the agency paid them. The debts run into the tens of thousands of ringgit.

Some have been receiving the monthly living allowance for 12 years. The living allowance is a loan or advance for the settlers that is supposed to tide them over until the new trees bear fruit, about three years after replanting.

These days, Bakar’s role is that of the plantation owner. He no longer does the heavy work and his youngest son supervises the workers, who are mainly from Indonesia and Bangladesh.

Bakar has a small lorry to transport the oil palm bunches and has started rearing cows. He has 50 heads of cattle.

“With the cows and everything, my father earns around RM10,000 a month,” said Hisommudin.  – November 21, 2017

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Re: FELL-LAH
« Reply #131 on: November 25, 2017, 04:15:14 PM »



Felda will defend replanting agreement in court, says Shahrir
Zulkifli Sulong
Diyana Ibrahim
Asila Jalil
Zulkifli Sulong, Diyana Ibrahim, Asila Jalil
Updated about 9 hours ago · Published on 25 Nov 2017 7:00AM · 1 comments
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Felda will defend replanting agreement in court, says Shahrir
Felda chairman Shahrir Samad says the success of the land reform agency has caught attention of world leaders, who have tried to emulate the scheme at home but have failed, lacking political will. – The Malaysian Insight file pic, November 25, 2017.

FELDA has defended its controversial replanting agreement with settlers, with its chairman Shahrir Samad saying the government agency needed to protect its investment.

Shahrir told The Malaysian Insight the state plantation operator would  go to court to defend the agreement, which settlers said was lopsided and keep them in debt for a long time.

He said if the agreement seemed biased, it was because Felda was providing the funds for the replanting.

The Felda chairman was responding to allegations by settlers, politicians and lawyers who claimed the agreement was biased and had burdened the settlers with large debts.


Pakatan Harapan (PH) politicians hope to take advantage of the issue that can swing the Felda vote, which has an impact on 56 parliamentary seats in the peninsula, most of which are held by Barisan Nasional.

There are 112,635 Felda settlers, not including their wives and children.

Anger at the agency has seen first- and second-generation settlers turn out in large numbers for ceramah by opposition heavyweights such as Pakatan Harapan chairman Dr Mahathir Mohamad.

Shahrir said the Mahathir administration would not have managed Felda like the Najib administration.

He said the the former prime minister would have privatised Felda if he was in power.

"However, we are not like that. we want to do our job which is to protect the settlers' interests," he said.

He said Felda’s success as a land reform scheme had caught the attention of world leaders who wanted to implement it in their own  countries.

"However they failed in their countries because they lacked the political will that we have," said Shahrir.

Shahrir said Philippines President Rodrigo Duterte and three ministers from Indonesia had asked him about Felda.

Shahrir acknowledged that Felda had a few flaws but said the agency was improving itself to gain the confidence of financial institutions.

He admitted that Felda had debts and that was why it had sold off its property in Bayswater in London.

Shahrir said he was positive the sale would benefit the statutory body which managed more than 110,000 settler families in the country.

"We had a hotel in London, we sold it off. Why do we need a hotel in London?

"We sold it off because we do have debt issues. When we have the funds, we'll buy assets. However, when we don't, we'll sell it off.

"If we have a Ferrari, why don't we sell it first before taking a loan from the bank?" – November 25, 2017.

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Re: FELL-LAH
« Reply #132 on: December 28, 2017, 08:40:14 AM »



DULU FELDA , KINI FAILED DAH  !!!!

Settler’s son Chef Wan expresses bitterness over Felda’s plight
Published: 27 Dec 2017, 1:53 pm     Modified: 27 Dec 2017, 3:29 pm

 
After revealing that he has snubbed both sides of the political divide, celebrity chef Redzuawan Ismail today cannot help but to express his bitterness over Federal Land Development Authority’s (Felda) current predicament.

Sharing an Instagram post with the caption “Dulu Felda, now failed dah” (It used to be Felda, now it ‘has failed’), Redzuawan, better known as Chef Wan, who revealed that he is a Felda settler’s son, lamented how there is no use to sensationalise such news as it is “too late”.

“There is nothing to highlight as everyone is well-informed of everything in the media these days.

“There is no need to even influence anyone with our opinion as we can think on our own and we are educated so we can judge all the bad stories. (But) the truth is always the truth.

“The sad thing is, we, family members of Felda settlers who had fought for years are angry and hurt to see all these coming to this level.

“Don’t you think we have the right to feel bitter and betrayed?”

Redzuawan added that he should not be told that he does not have the right to feel angry and depressed to see his father’s struggles as well as his own struggles as a teenager living in a Felda settlement going down the drain.

The celebrity chef also believes that “those thieves” should be brought to justice and punished “to save the country’s image”.

“Give me one good reason why I as a Felda settler’s son should not feel disappointed with all that has happened and voice out against it?” he further queried.

image: https://i.malaysiakini.com/1198/cd4d097b69a9415f32668268f67bfa38.jpeg



While Redzuawan did not mention a particular instance in relation to Felda, his remarks come in light of the Jalan Semarak land transfer scandal.

It was revealed that Felda is at risk of losing rights to four plots of land valued at around RM270 million due to an ownership transfer through an allegedly "dubious transaction" in 2015.


Felda chairperson Shahrir Abdul Samad had announced that Felda had not only lodged a police report against the master developer appointed for the project, but that it would explore all available options to reclaim ownership of the four parcels of land, which were later revealed to actually be worth up to RM1 billion.

Shahrir had taken over leadership of Felda from Isa Samad, who led the agency from 2011 up to January this year.

Isa has expressed readiness to cooperate with police in their probe into the land transfer scandal


Read more at https://www.malaysiakini.com/news/406726#K37p4x4qveKQAFKQ.99

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Re: FELL-LAH
« Reply #133 on: December 28, 2017, 08:48:24 AM »



Malaysians Must Know the TRUTH
WEDNESDAY, DECEMBER 27, 2017
FELDA COFFINS ARRIVE FOR NAJIB & CO: FELDA LOSES RM1.64 BILLION IN EAGLE HIGH SHARES BOUGHT BY ORDER OF NAJIB FROM INDON CRONY PETER SONDAKH & AGREED TO BY CHAIRMAN SHAHRIR SAMAD!

I had written in 2015 about this 37% Eagle High Plantations (EHP) Indonesian oil palm public company share investment Najib con job. CLICK HERE.
Since 2015, many – the EPF, CIMB MD & Najib’s brother Nazir Razak, Kadir Jasin, PKR MP Rafizi, the Guardian UK etc. – had questioned the logic of making this minority share investment. There were not only major concerns about the environment, but also the profitability of EPH and the exorbitant price Najib wanted to pay for EHP shares, at a whacking 173% premium to its listed price per share. CLICK HERE.
At first Najib tried to force Malaysia’s Felda Global Ventures Holdings Plc (FGVH) to fork out RM3 billion (US$680 million) for the EHP shares. This fell apart when FGVH was rocked by several massive fraud allegations, profits plunged by 93% (since 2012) and Najib was forced to sack his handpicked crony, Chairman Isa Samad who was himself implicated in the thievery.
Najib then appointed veteran UMNO politician Shahrir Samad as Chairman of Felda, FGVH’s main shareholder. (Isa Samad, no relation of Shahrir Samad, had been Felda Chairman as well.) Shahrir had for the previous couple of years been one of Najib’s greatest defenders in the 1MDB/SRC $46 billion fraud. This puzzling behaviour was only understood when Sarawak Report published cheque details of a RM1 million payment by Najib to Shahrir, from money stolen by Najib from 1MDB/SRC!!!
Shahrir of course knows as much about the oil palm business as he does about brain surgery. But true to the typical form of morally, if not also financially bankrupt UMNO/BN sycophant and Najib *-*, Shahrir rammed through the EPH investment for RM2.26 billion (US$505.4 million), justifying it with all kinds of dubious claims. CLICK HERE.
Well, what is Felda’s 37% EPH stake worth today?

 
Felda’s accounts will show a write-off of RM1.64 billion in EPH investment book loss. That is a staggering loss of 72% in a mere eight months!
And here are some pertinent questions (with some answers):
1. Why did Najib force Felda to invest in EPH? What was his real motive in investing in EPH which has been making huge losses, RM12 million in 2016 (Rp391 billion) alone? CLICK HERE.
2. Why has no action been taken by the IGP, MACC or Parliament to charge Najib with abuse of power in forcing MoF to guarantee Felda’s EPH acquisition loan? The government should not be guaranteeing loans that benefit only one ethnic group or business!
3. Why has the IGP or MACC not investigated Najib’s links and deals with Peter Sondakh? CLICK HERE. More so since MoF and Najib have stubbornly refused to disclose how much and in what or whose business in Indonesia Najib had forced SRC to invest in, from RM4 billion in loans raised from government pension fund, KWAP! Interestingly, SRC’s accounts have not been made public for about 4 years.
Looking at it in its totality, there is bound to be a link between money missing from 1MDB/SRC that went to Indonesia, Najib’s sudden dealings with Peter Sondakh and Felda’s forced 37% acquisition of EHP shares. This link will certainly lead to massive, international money-laundering, fraud and attempts to plug 1MDB’s missing billions of ringgit, at least RM30 billion, through the back-door, by none other than Najib!!!
What is for sure is that Najib and Shahrir Samad forced Felda to plonk RM2.26 billion in a way below par Indonesian oil palm venture. Felda members should string them both by their goolies and demand Najib and Shahrir compensate them from their own pockets or spend the rest of their natural lives in solitary confinement at the Bamboo River Resort!
 E.S Shankar, Donplaypuks® intrepid correspondent for palmed off oily affairs
– http://donplaypuks.~.my

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Re: FELL-LAH
« Reply #134 on: December 28, 2017, 08:50:33 AM »



Clear signs of fraud in Felda land deal
Amin Iskandar
Amin Iskandar
Updated one hour ago · Published on 28 Dec 2017 7:00AM · 1 comments
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Clear signs of fraud in Felda land deal
Rubbish left along the corridor of the Anjung Felda building in Jalan Perumahaan Gurney, off Jalan Semarak, Kuala Lumpur, yesterday after the premises were vacated. This is supposed to be the site of Felda’s new towers. – The Malaysian Insight pic by Hasnoor Hussain, December 28, 2017.

THERE are clear signs of fraud in Felda’s Jalan Semarak land deal, said a top property lawyer, as investigations intensify into how the beleaguered agency lost ownership of a prime piece of land in the heart of Kuala Lumpur.

Malaysian property lawyers (HartaGuam) deputy president Salkukhairi Abd Shukor said this was because the developer of the four parcels of land had abused the power of attorney granted to it by Felda.

The developer, appointed by Felda subsidiary Felda Investment Corporation (FIC), transferred ownership of the land to Synergy Promenade Sdn Bhd in which it had an interest.

The transfer of ownership did not have to occur as the developer had only been appointed by Felda to build Kuala Lumpur Vertical City (KLVC), said Salkukhairi.


KLVC is being built on land that houses Felda’s old headquarters and two of its buildings, Anjung Felda and Wisma Felda. Once completed, the project is supposed to include the agency’s iconic tower, known as KLVC Tower1A.

Another sign of fraud was the claim that no money changed hands during the alleged transfer, he said.

“According to Felda chairman (Shahrir Samad), Felda has up to this point not received a sen from the transfer.

“How could a land owner transfer ownership without any value consideration? That’s where I believe the fraud is,”   Salkukhairi told The Malaysian Insight.

Lawyer Salkukhairi Abd Shukor says it is suspicious when no money changed hands in the Jalan Semarak land deal. – The Malaysian Insight pic, December 28, 2017.
Lawyer Salkukhairi Abd Shukor says it is suspicious when no money changed hands in the Jalan Semarak land deal. – The Malaysian Insight pic, December 28, 2017.
It has been reported that the land, which totals 66,000 sq m in central Kuala Lumpur, was worth RM270 million when its ownership was transferred. 

However, Shahrir reportedly said Felda did not gain a sen from the transaction which occurred in December 2015.

The decision to appoint KLVC’s developer and to give it power of attorney was done by FIC in June 2014.

However, FIC only informed the Felda board of the decision three months later and asked for retrospective approval.   

Police have opened investigations into the allegations and plan to haul up former Felda chairman Mohd Isa Samad for questioning.

Isa was both Felda and FIC chairman while the deal took place.   

To reclaim its property, Salkukhairi said, Felda would have to file a civil suit and get a court declaration that the transfer was illegal.

“Once that is done, the court can order the Land Office to cancel the current ownership and return the land to Felda.” 

Previously, legal expert Prof Salleh Buang said the National Land Code 1965 allowed for parties to contest the status of a property’s ownership if there were elements of impropriety in its transfer.

Salleh said this must be done before the land is sold off to a third party, who can be classified as a bona fide purchaser (BFP). If that happens, Felda can no longer challenge and reclaim the land.

Shahrir, the Felda chairman, said caveats have been put on all four parcels to prevent them from being resold or transferred again.

A portrait of Prime Minister Najib Razak abandoned in Anjung Felda, Jalan Perumahaan Gurney, off Jalan Semarak, Kuala Lumpur, after the building was vacated recently. – The Malaysian Insight pic by Hasnoor Hussain, December 28, 2017.
A portrait of Prime Minister Najib Razak abandoned in Anjung Felda, Jalan Perumahaan Gurney, off Jalan Semarak, Kuala Lumpur, after the building was vacated recently. – The Malaysian Insight pic by Hasnoor Hussain, December 28, 2017.
The case of Adorna Properties Sdn Bhd vs Boonsom Boonyanit set a precedent for those who had lost ownership of their land through fraud, Salkukhairi said.

In that case, Boonsom, who had been living in Thailand, lost ownership of two parcels of land in Tanjung Bungah due to a fraudulent transaction involving an imposter in 1989.

After a series of court battles between Boonsom’s family and Adorna, the Federal Court ruled in 2004 in favour of Adorna – the company which obtained ownership of the land through the imposter.

But in 2010, the same court ruled that the 2004 decision was “erroneous, unjust and a breach of Malaysia’s obligations” under the Asean treaty.

In the Felda case, Synergy Promenade is not considered a “deferred purchaser” where it can be protected like a bona fide purchaser, said Salkukhairi.

“Going by the Federal Court’s decision in the Adorna case, Felda’s rights as the owner will be protected as current laws give more rights to original owners who have been cheated,” said Salkukhairi. – December 28, 2017.

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Re: FELL-LAH
« Reply #135 on: December 28, 2017, 02:25:10 PM »



Mahathir thanks Chef Wan for 'speaking the truth'
Published: Today 11:53 am     Modified: Today 1:24 pm

 
Dr Mahathir Mohamad has thanked celebrity chef Redzuawan Ismail, better known as Chef Wan, for speaking out about matters related to the state of the nation.

"I realise that Chef Wan is not a member of political party, and far from being a member of Bersatu.

"However, I very much appreciate his views, which focus on justice and the well-being of the nation, without taking sides but speaking the truth," he said a Facebook posting today.

"This is what our religions asked us to do, so we can enjoy what is right and reject what is wrong… Thanks, Chef Wan,” the former prime minister said, without naming any issue in particular.

image: https://i.malaysiakini.com/1193/8e8f01ce6983fe41cbd5663e834583a5.jpeg



Redzuawan, the son of a Federal Land Development Authority (Felda) settler, took to Instagram yesterday to express his bitterness over the agency's latest predicament.

“The sad thing is, we, family members of Felda settlers who had fought for years are angry and hurt to see all these coming to this level. Don’t you think we have the right to feel bitter and betrayed?”

The celebrity chef also believes that “those thieves” should be brought to justice and punished “to save the country’s image.”

“Give me one good reason why I as a Felda settler’s son should not feel disappointed with all that has happened and voice out against it?” he further queried.

Although making no specific reference, Redzuawan’s remarks come in light of Felda's Jalan Semarak land transfer scandal, which involves the dubious transfer of ownership of four parcels of land to a developer.

image: https://i.malaysiakini.com/1198/f9ac6d7c4673bbe9f669828fd0899258.jpeg




In a previous Instagram posting, Redzuawan had revealed that both BN and the opposition have attempted to court him ahead of the next general election.

He insisted, however, that he would not be the proverbial deer caught between two sparring elephants.

He added that politics is a “filthy game” with shifting loyalties, pointing to the attacks sustained by Mahathir since the former premier joined the opposition.


Read more at https://www.malaysiakini.com/news/406817#KkrptkiOpcI9CSyo.99

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Re: FELL-LAH
« Reply #136 on: January 02, 2018, 08:44:04 AM »



Edge Weekly
Turkey Of The Year: Why did FELDA buy 37% of Eagle High?
Jose Barrock
/
theedgemarkets.com

January 01, 2018 17:00 pm +08

This article first appeared in The Edge Malaysia Weekly, on December 25, 2017 - December 31, 2017.
-A+A
IT came as a surprise when the Federal Land Development Authority (FELDA) was reported to be in talks to acquire a 37% stake in PT Eagle High Plantations Tbk from Tan Sri Peter Sondakh’s Rajawali group. The deal was concluded for US$505.4 million or RM2.26 billion in April.

While FELDA attempted to justify the purchase — among other things, saying it got a 30% discount from Rajawali — most market watchers, analysts and industry players questioned the merits of the deal.

After all, FELDA’s 33% unit Felda Global Ventures Holdings Bhd (FGV) had scrapped plans to buy the same block of shares upon the advice of two separate advisers, Bank of America and JP Morgan, for a variety of reasons. So why buy an asset its own unit had walked away from?

Apart from that, Peter Sondakh is known to be well connected in Malaysia, giving rise to talk that the deal may have been politically motivated.

To recap, in June 2015, FGV signed a heads of agreement with Rajawali to acquire a 37% block in Eagle High for US$680 million in a mix of cash and shares.

In 2015, the average crude palm oil (CPO) was RM2,258 per tonne, compared to RM2,670 so far this year — which indicates the offer to FGV would have been overpriced if a 30% discount was given after a rise in the CPO price.

The fact that it was FELDA Investment Corp (FIC) Properties Sdn Bhd — originally mandated to acquire non-plantation assets — that acquired the shares also raised eyebrows. Most would think FGV would be the natural choice to invest in plantation and agriculture-related assets.

So, did FIC Properties step in because FGV was advised against buying Eagle High?

The US$505.4 million for the 37% stake works out to IDR580 a share — a whopping 95% premium to Eagle High’s closing price at the time. With Eagle High now trading below IDR180, it means FELDA is sitting on a paper loss in excess of US$326 million.

Now, eight months after the acquisition, Eagle High’s market capitalisation is just below US$420 million, which means FELDA’s 37% is valued at just US$155.4 million — less than one-third what it paid.

Attempts by FELDA chairman Tan Sri Shahrir Samad to suggest that FELDA was an intermediary for the Malaysian government did not come across as a strong justification for the acqusition.

“We are representing the government of Malaysia on two levels — the management and board of directors of Eagle High,” he said in August.

FELDA officials also explained that the acquisition was made with government funding, which raised the question as to whether the agency would have been able to obtain the funding on its own.

But what is not clear is why this acquisition is so important that FELDA had to pay more than RM2 billion for it via a loan from the government?

FELDA attempted to defend the deal by saying the share price is not an accurate yardstick, unlike enterprise value per hectare (ev/ha). Eagle High’s ev/ha was US$16,000.

In comparison, Sime Darby Bhd concluded the purchase of New Britain Palm Oil Ltd at US$27,000 ev/ha, while Kuala Lumpur Kepong Bhd offered US$15,500 ev/ha for MP Evans Group plc, which was turned down. MP Evans’ independent valuation was US$17,300 ev/ha, but the board was looking at US$24,000 ev/ha.

FELDA contended that MP Evans, with a planted land area of 31,400ha, is much smaller than Eagle High’s 125,000ha. That would suggest that it is purchasing access to land four times the size of that held by MP Evans, at a lower ev/ha than MP Evans’ independent valuation.

However, FELDA’s contentions were disputed by many as Sime Darby and KLK were looking at wholly taking over and buying controlling stakes, which was a very different proposition.

It was also highlighted that the pricing for MP Evans took into consideration the location of its estates next to KLK’s.

As for FELDA, it does not have a controlling stake as the Rajawali group still controls 37.07%, which means FELDA has little influence in Eagle High.

Four months after the acquisition, FELDA still has not publicly shared Eagle High’s financials or why it considered the acquisition worthwhile and what FGV’s advisers might have missed in advising against it.

FELDA officials and others had said Eagle High was likely to deliver in 2017, but that has not happened.

For its nine months ended September 2017, Eagle High suffered a net loss of US$6.33 million from US$55.45 million in revenue. It has not posted a quarterly profit since September 2015.

So, why did FELDA buy into Eagle High?

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Re: FELL-LAH
« Reply #137 on: January 05, 2018, 06:36:42 AM »



KLVC project on Felda land: External audit firm appointed
Bernama
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najib-KLVCKUALA LUMPUR: An external audit firm has been appointed by the Prime Minister’s Department (JPM) to conduct a forensic audit on the Kuala Lumpur Vertical City (KLVC) project, said Najib Razak.

The project is being developed by Synergy Promenade Sdn Bhd (SPSB) on land belonging to the Federal Land Development Authority (Felda).

The prime minister said the firm would conduct a forensic audit of all activities, decisions and actions relating to the project.

“It will also re-evaluate the relevant regulatory processes, including weaknesses in the internal administration as well as Felda’s supervision of Felda Investment Corporation Sdn Bhd (FIC).

“The audit firm’s investigation will also encompass the Federal Territory of Kuala Lumpur Land and Mines Office and Kuala Lumpur City Hall,” he said in a statement today.

The media had reported on Dec 21 last year that Felda was at risk of losing ownership of a strategic piece of land in Jalan Semarak, Kuala Lumpur, estimated to be worth RM200 million, when it was believed to have been transferred through a “dubious deal” in 2015.

The land transfer was believed to have occurred when FIC appointed a local company as the primary developer on June 3, 2014 and it was given full power of attorney to develop the land.

In the statement today, the prime minister said the audit firm’s investigation was expected to be completed within 30 days, and a full report would be submitted to the JPM.

Najib said the appointment of the audit firm was made following his directive to Felda, in a letter dated Dec 11, 2017, to determine whether there was non-compliance with existing procedures or there were elements of abuse of power and corruption pertaining to the KLVC project.

“In the letter sent by the JPM to Felda chairman Tan Sri Shahrir Abdul Samad, I also directed Felda to lodge a police report against SPSB for criminal fraud and take legal action for civil fraud for the transfer of Felda property rights without knowledge and permission.”

He added that the directive was issued to safeguard the interests of Felda and its settlers as well as to ensure that the land remained with Felda.

Najib said police had also conducted an investigation and a caveat had been placed on the land in question.

“As such, reports saying that the land has been lost are incorrect.

“The registrar’s caveat on the land will ensure that Felda’s interests are safeguarded,” he said.

Najib said legal action would be taken if investigations by the external audit firm and police indicate wrongdoing by those involved in the project, which was agreed upon in 2014.

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Re: FELL-LAH
« Reply #138 on: January 08, 2018, 08:44:25 AM »




Malaysians Must Know the TRUTH
SUNDAY, JANUARY 7, 2018
FELDA SCANDAL - Investigators Should Enquire At PMO (FLOM Division)
FELDA SCANDAL - Investigators Should Enquire At PMO (FLOM Division)
Back in 2014 Sarawak Report first started to receive concerned notices from people related to what was going on at FELDA, namely the massive expenditures on dodgy investments that then appeared to leak the money of trusting settlers into the hands of the privileged and connected.
As one person with every reason to know wrote:
“Look Into Felda Global Ventures, they are broke… sensitive docs prove an excess of RM2 Billion is being furiously padded on projects being approved to be siphoned off my PM & his wife”
Sarawak Report has subsequently sighted the documents referred to.  These include memos from the Prime Minister/Finance Minister’s Office to Isa Samad, then Chairman of Felda, urging him to hurry up and process billion dollar payments to a small, unlicenced foreign investment vehicle.
The investment vehicle’s proposal was that it would then put the money into properties and raise a healthy return on them.  However, given the sheer size of the enormous investment, the handing over of control of such a sum plainly represented a huge risk.
The extraordinarily low level of due dilligence behind the project gives the appearance of deliberate negligence on the part of Felda management.  However the correspondence sighted by Sarawak Report makes it clear that they were under direct and urgent pressure to agree to the deal by the Prime Minister’s Office.
Writing and signing this correspondence on behalf of the Prime Minister was one Siti Azizah Binti Sheikh Abod, describing herself as Pegawai Khas Kepada, YAB Perdana Menteri [Special Officer To, YAB Prime Minister].
In one letter, dated 19th September 2013 and addressed to Y.B. Tan Sri Haji Mohd Isa Bin Dato’ Haji Abdul Samad,  Ms Abod urges the Chairman of FELDA in these words [translated]:
Subject: Financial Management With FELDA Holdings by XX XX XX XX
“With regards to the matter above and under the orders of the Prime Minister for the business between the Prime Minister’s Office and FELDA Holdings and YB Tan Sri as the Chairman of FELDA, please hand the Statement of Readiness document over to the PM’s Office immediately.  This is to ensure the investment project can proceed immediately and provide the investment returns.
I thank you for your cooperation.
This note was copied to Najib Razak himself and the ‘business’ referred to in the letter was a proposed investment of one billion US dollars in a previously unheard of private company managed by two foreigners, one of whom had no professional financial background.
Siti Abod, Head of FLOM Unit at PMO was emailing FELDA Chair directing his investments
Siti Azizah Sheikh Abod, Head of FLOM Unit at PMO, was emailing the FELDA Chair directing his investments
Investigators must wonder why the Prime Minister himself was interfering in such a way to push such an extraordinary deal involving the precious finances raised for FELDA farmers as a result of the recent floation of their plantation assets on the stock market?  This is particularly so, since that flotation was driven through politically by the Prime Minister cum Finance Minister himself.
Three years later and most of that money raised has now disappeared, resulting in the present investigations by corruption agents into FELDA and indeed its former Chairman Isa Samad.  Perhaps, particularly in the light of such parallel scandals as 1MDB, where the Prime Minister has been identified as the ‘Malaysian Official One’ behind a series of monster thefts by the US Department of Justice, the anti-corruption investigators ought to be raising their eyes higher than Mr Samad?
There is another interesting angle to this worrying correspondence.  Ms Abod, the author of this and related letters held a specific role at that time in the Prime Minister’s Office, which has been identified in official listings and already publicised.  She was in fact the head of the unit within PMO known as ‘FLOM’.
Enquiries have established that ‘FLOM’ referred to First Lady Of Malaysia, who had opened her own unit within her husband’s office at taxpayers’ expense and her confidant Ms Abod was at the head of it.
Perhaps it is time to enquire more deeply as to the exact daily duties of Ms Abod on Rosmah Mansor’s behalf, especially when those duties tied in with the Financial decisions of her husband?
FELDA settlers for one will be extremely interested to have full answers, given that their multi-billion dollar nest egg has now substantially evaporated under the guardianship of Najib Razak and Isa Samad. -Sarawak Report
Mohd. Kamal bin Abdullah at 4:37 AM

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Re: FELL-LAH
« Reply #139 on: January 09, 2018, 06:38:42 AM »



Rafizi: Clarify if Najib involved in Felda land deal
Published: 8 Jan 2018, 5:20 pm     Modified: 8 Jan 2018, 6:12 pm

 
PKR vice-president Rafizi Ramli said Felda should clarify whether Prime Minister Najib Abdul Razak was responsible for granting full power of attorney to Synergy Promenade Sdn Bhd, which was tasked to develop prime land owned by the federal agency.

The company was reportedly granted power of attorney to take ownership of the prime land, located along Jalan Semarak in Kuala Lumpur, from Felda, raising concerns that the government would lose the asset.

In a statement, Rafizi made reference to Section 3 of the Land Development Act 1956, which pertains to Felda.

Specifically, the PKR lawmaker said Section 3(3)(c) and Section 3(3)(ca) required Felda to receive approval from the minister in charge in order to enter into partnerships and joint ventures.

image: https://i.malaysiakini.com/1202/cfd270d402af825f0e60494ec6d4f127.jpeg



Felda falls under the Prime Minister's Department.

"The agreement that granted power to the developer that allowed it to change the land ownership would be null and void if the party that signed the agreement on behalf of Felda was not authorised to do so.

"If the agreement is null and void, then there would not be an issue that the ownership of the land had been transferred from Felda to the developer as the transfer is not legal," he said.


As such, Rafizi said Felda chairperson Sharir Abdul Samad should clarify if Najib was the authority who had approved the agreement.

If it was not, Rafizi, who is also the Pandan MP, said Felda should then publicly declare the agreement which granted the power of attorney to the developer as null and void.

He added that this point should also be looked at by the independent auditor appointed to conduct a forensic audit of the matter.


Read more at https://www.malaysiakini.com/news/407976#fwJLdQkVHlvxWL20.99

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Re: FELL-LAH
« Reply #140 on: January 17, 2018, 06:48:51 AM »



Legal process to return Felda land may prove messy, complicated, says lawyer
Bede Hong
Bede Hong
Updated 11 hours ago · Published on 16 Jan 2018 7:24PM · 1 comments
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Legal process to return Felda land may prove messy, complicated, says lawyer
Felda expects to regain ownership of parcels of prime land worth RM270 million in Jalan Semarak, Kuala Lumpur via a voluntary transfer, but a legal expert says the process may not be as simple as it looks. – The Malaysian Insight file pic, January 15, 2018.

IT will not be an easy, straightforward process for Felda to regain ownership of several plots of land in Jalan Semarak from developer Synergy Promenade Sdn Bhd.

Lawyer Azhar Harun said despite Felda chairman Shahrir Samad's announcement yesterday that Synergy Promenade would return the land to Felda through a mutual agreement, the legal process could prove to be complicated and messy.

Yesterday, Shahrir said Synergy Promenade had volunteered to return to Felda at no cost the ownership of 16 plots of land, totalling 66,000sq m. Shahrir said the developer had also returned the relevant documents for the land to be registered again in Felda's name.

"It depends on what Synergy Promenade has done on the land," Azhar said when contacted today.


There were four scenarios that could play out, he said.

In the first scenario, Synergy Promenade may have taken out a loan or a financial facility for the land.

"If they have charged the land to the bank, then the transfer will be a bit complicated because the charge given to the bank must be discharged first. Only then may Synergy Promenade transfer the title to Felda."

In the second scenario, the charge is not discharged but the transfer is made subject to the charge.

"Synergy Promenade may say they are transferring the land to Felda, but the land is still charged to the bank for financial facilities or loans taken out by the developer. So the charge will still be in existence and Felda now owns the land subject to the charge," Azhar said.

In such a case, should Felda fail to service the loan or financial facility, the bank can auction off the land and take foreclosure proceedings.

The third scenario involves Synergy Promenade having already sold properties built on the land to third-party purchasers.

"This one will be very complicated. Synergy Promenade has built all these properties and we assume they've sold some of them off. The situation will depend on whether the new owner or owners have caveated their land to protect their interests," Azhar said.

"If that is the case, the re-transfer cannot go through unless the caveats are withdrawn or  the people who have caveated the land give their consent."

The situation becomes even more complicated if a purchaser has taken out a loan to purchase a unit and has charged the bank to secure the land. "

In this case, it is the bank that took the charge who must consent.

"Either the charge is released by the bank and the transfer can be done or the charge is not released and therefore the ownership would be subject to the charge. These are the complications that may arise," Azhar said.

In the fourth scenario, the land has not been charged by Promenade and nothing has been done on the land.

"Then the re-transfer can be done cleanly because no interest has been created on the land," Azhar said.

This scenario is unlikely, however, he said.

Azhar said in most development situations, the land is not transferred to the developer. "The developer is supposed to develop the land and obtain the finances to carry it out."

"This here is quite an unusual case where the land ownership was transferred," Azhar said.

It was reported that ownership of the land belonging to Felda was transferred via a dubious transaction in 2015, of which the Felda board members claimed to have no knowledge.

Felda reportedly did not receive any money from the transfer of the land, which is estimated to be worth RM270 million.

Seven projects, including the iconic Felda tower being developed by Kuala Lumpur Vertical City (KLVC), are involved.

"Frankly speaking, I'm quite skeptical as to why this issue has suddenly surfaced 11 months after the new chairman discovered it last February. Why was it concealed and not revealed for 11 months, and now that we are nearing the elections, the problems are solved within two weeks?

"I'm skeptical of this so-called revelation and wonder whether it is an election gimmick," Azhar said.

On January 5, former Felda chairman Isa Samad gave a statement to the police investigating the land transfer deal.

A forensic audit into the KLVC project started on January 8 and is expected to wrap up ahead of the 30-day deadline.

Felda chairman Shahrir Abdul Samad said all the necessary documents had been handed over to the external audit firm appointed by the Prime Minister’s Department. – January 16, 2018.

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Re: FELL-LAH
« Reply #141 on: January 17, 2018, 06:49:53 AM »



Legal process to return Felda land may prove messy, complicated, says lawyer
Bede Hong
Bede Hong
Updated 11 hours ago · Published on 16 Jan 2018 7:24PM · 1 comments
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Legal process to return Felda land may prove messy, complicated, says lawyer
Felda expects to regain ownership of parcels of prime land worth RM270 million in Jalan Semarak, Kuala Lumpur via a voluntary transfer, but a legal expert says the process may not be as simple as it looks. – The Malaysian Insight file pic, January 15, 2018.

IT will not be an easy, straightforward process for Felda to regain ownership of several plots of land in Jalan Semarak from developer Synergy Promenade Sdn Bhd.

Lawyer Azhar Harun said despite Felda chairman Shahrir Samad's announcement yesterday that Synergy Promenade would return the land to Felda through a mutual agreement, the legal process could prove to be complicated and messy.

Yesterday, Shahrir said Synergy Promenade had volunteered to return to Felda at no cost the ownership of 16 plots of land, totalling 66,000sq m. Shahrir said the developer had also returned the relevant documents for the land to be registered again in Felda's name.

"It depends on what Synergy Promenade has done on the land," Azhar said when contacted today.


There were four scenarios that could play out, he said.

In the first scenario, Synergy Promenade may have taken out a loan or a financial facility for the land.

"If they have charged the land to the bank, then the transfer will be a bit complicated because the charge given to the bank must be discharged first. Only then may Synergy Promenade transfer the title to Felda."

In the second scenario, the charge is not discharged but the transfer is made subject to the charge.

"Synergy Promenade may say they are transferring the land to Felda, but the land is still charged to the bank for financial facilities or loans taken out by the developer. So the charge will still be in existence and Felda now owns the land subject to the charge," Azhar said.

In such a case, should Felda fail to service the loan or financial facility, the bank can auction off the land and take foreclosure proceedings.

The third scenario involves Synergy Promenade having already sold properties built on the land to third-party purchasers.

"This one will be very complicated. Synergy Promenade has built all these properties and we assume they've sold some of them off. The situation will depend on whether the new owner or owners have caveated their land to protect their interests," Azhar said.

"If that is the case, the re-transfer cannot go through unless the caveats are withdrawn or  the people who have caveated the land give their consent."

The situation becomes even more complicated if a purchaser has taken out a loan to purchase a unit and has charged the bank to secure the land. "

In this case, it is the bank that took the charge who must consent.

"Either the charge is released by the bank and the transfer can be done or the charge is not released and therefore the ownership would be subject to the charge. These are the complications that may arise," Azhar said.

In the fourth scenario, the land has not been charged by Promenade and nothing has been done on the land.

"Then the re-transfer can be done cleanly because no interest has been created on the land," Azhar said.

This scenario is unlikely, however, he said.

Azhar said in most development situations, the land is not transferred to the developer. "The developer is supposed to develop the land and obtain the finances to carry it out."

"This here is quite an unusual case where the land ownership was transferred," Azhar said.

It was reported that ownership of the land belonging to Felda was transferred via a dubious transaction in 2015, of which the Felda board members claimed to have no knowledge.

Felda reportedly did not receive any money from the transfer of the land, which is estimated to be worth RM270 million.

Seven projects, including the iconic Felda tower being developed by Kuala Lumpur Vertical City (KLVC), are involved.

"Frankly speaking, I'm quite skeptical as to why this issue has suddenly surfaced 11 months after the new chairman discovered it last February. Why was it concealed and not revealed for 11 months, and now that we are nearing the elections, the problems are solved within two weeks?

"I'm skeptical of this so-called revelation and wonder whether it is an election gimmick," Azhar said.

On January 5, former Felda chairman Isa Samad gave a statement to the police investigating the land transfer deal.

A forensic audit into the KLVC project started on January 8 and is expected to wrap up ahead of the 30-day deadline.

Felda chairman Shahrir Abdul Samad said all the necessary documents had been handed over to the external audit firm appointed by the Prime Minister’s Department. – January 16, 2018.

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Re: FELL-LAH
« Reply #142 on: January 24, 2018, 06:27:45 AM »



Felda has lost Jalan Semarak land forever, says Rafizi
Kamles Kumar
Kamles Kumar
Updated 10 hours ago · Published on 23 Jan 2018 7:23PM · 4 comments
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Felda has lost Jalan Semarak land forever, says Rafizi
R PKR vice-president Rafizi Ramli says the people are unaware that the land has already been sold to Synergy Promenade Sdn Bhd. – The Malaysian Insight file pic, January 23, 2018.

FELDA land in Jalan Semarak, which had been approved for the development of Kuala Lumpur Vertical City (KLVC) was “gone forever”, PKR vice-president Rafizi Ramli alleged today.

He said most people were unaware that the land had already been sold to the developer, Synergy Promenade Sdn Bhd (SPSB).

Last week, SPSB offered to return to Felda the plots of land in Jalan Semarak, after it was revealed last month that ownership of the land, worth an estimated RM270 million, had been transferred to the privately-owned company in a dubious transaction in 2015.

Rafizi said that contrary to what Felda and SPSB want the people to believe, only a portion of the land would be returned to Felda.


"Felda’s land for KLVC is gone forever. The people do not know that when the KVLC construction started, the land was already sold to the developers," Rafizi said on a Facebook live session today.

He claimed that as approval was given for the construction of KLVC, the individual lots that had been built were now owned by the developers and the buyers.

In a press conference last week, Felda chairman Shahrir Samad said SPSB had volunteered to return to Felda at no cost the ownership of 16 plots of land, totalling 66,000sq m.

Shahrir said the developer had also returned the relevant documents for the land to be registered again in Felda's name.

While work on KLVC would continue, Sharir said Felda would be re-negotiating the terms and conditions of the project.

Lawyer Azhar Harun said last week that the legal process of transferring ownership of the land back to Felda could prove to be complicated and messy. – January 23, 2018.

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Re: FELL-LAH
« Reply #143 on: January 26, 2018, 06:31:04 AM »



Felda won’t get back land titles if KLVC is built, says Rafizi
Kamles Kumar
Kamles Kumar
Updated 9 hours ago · Published on 25 Jan 2018 8:46PM · 2 comments
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Felda won’t get back land titles if KLVC is built, says Rafizi
Rafizi Ramli suspects the land has has been pledged for a loan which is why Felda is keeping quiet. – The Malaysian Insight file pic, January 25, 2018.

IF Kuala Lumpur Vertical City (KLVC) is built on Felda land, the government agency would not get back the land title, PKR vice-president Rafizi Ramli said.

He said since developers Synergy Promenade Sdn Bhd (SPSB) owned the land, they would convert it to strata titles for property owners, which would leave Felda with no land.

“The land title is given back to Felda, giving the impression that the land is back. Go to hell, the land is gone!

“They (Felda) gave the land to the developers to build multi-storey buildings and condominiums. In a few years, the land titles cease to exist and are superseded by the strata titles,” Rafizi told The Malaysian Insight today.


The Pandan lawmaker also said if SPSB gives back the documents to Felda, it would be resubmitted to the land office.

Rafizi said this would have complications as SPSB or either Felda has taken out a loan for the land from the bank.

“Even if they (SPSB) gave the documents back to Felda, the land office would need to relook the documents (to determine) whether the land has been pledged for a loan or financial facilities.

“I suspect the land has been pledged for a loan. That's why Felda is keeping mum.”

Rafizi added it was “illogical” for Felda to transfer back the land as it would incur a couple of millions on stamp duty costs.

Felda chairman Shahrir Abdul Samad yesterday said Felda will get back all 17 land lots transferred to SPSB two years ago.

Shahrir also denied the land had been sold to SPSB, which is developing KLVC project on the land.

On Tuesday, Rafizi said the land is “gone forever” as it was sold to Synergy Promenade when construction of KLVC commenced.

Rafizi said that since approval has been given for the construction of KLVC on the land, the owners are the developer and the buyers of the individual units that had been built on the land.

Rafizi said only a portion of the land would be returned to Felda.

The plots of land, worth RM270 million, were transferred to a private company in a dubious transaction in 2015.

Following a flurry of police reports and government assurances of an investigation, SPSB said last week it would return ownership of the land to Felda at no cost.

Shahrir said that the KLVC project will continue but Felda will renegotiate the terms and conditions with the developer. – January 25, 2018

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Re: FELL-LAH
« Reply #144 on: February 22, 2018, 06:25:32 AM »



Felda investment in Indonesia Eagle High a bust, says oil palm watchdog
Updated one day ago · Published on 20 Feb 2018 7:56PM · 8 comments
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Felda investment in Indonesia Eagle High a bust, says oil palm watchdog
Felda chairman Shahrir Abdul Samad has said the land reform authority acted as intermediary for the Malaysian government in the acquisition of EHP. – The Malaysian Insight file pic, February 20, 2018.

FELDA’S investment in Indonesian oil palm planter PT Eagle High Plantations Tbk (EHP) is a bust said an oil palm watchdog.

International Palm Oil Monitor (IPOM) said a due diligence report prepared in relation to EHP’s acquisition by KPMG and sighted by IPOM clearly detailed numerous concerns and improprieties.

“Among others, cash flow problems, inflated acquisition price, non-compliance with laws and regulations, excessive borrowings and excessive amounts due for repayment to the banks and tax evasion.

“The report also detailed intercompany interest free advances amounting to US$26 million (RM101.4 million) – the repayment of which were not forthcoming according to the Management of Eagle High,” it said in a statement.


It’s been slightly more than a year since the controversial purchase of EHP by Felda from Indonesian tycoon Peter Sondakh’s Rajawali Group.

Felda, via FIC Properties Sdn Bhd, acquired 37% of the shares of Eagle High for approximately US$500 million, paying approximately IDR580 (RM0.17) per share, at an extremely high premium of 95% to its closing share price at the point of acquisition.

IPOM said the deal was slammed by critics and experts due to it being overpriced and also due to the state of affairs within EHP.

However, the deal went through. Government funds were used to finance the deal which many saw as a bailout for Peter Sondakh, an Indonesian businessman with strong political ties in Malaysia.

“Slightly more than a year later, Eagle High’s share price trades at a measly IDR204 per share, less than half what Felda paid.

“This means Felda is sitting on a paper loss of approximately US$300 million. Additionally, Eagle High’s market capitalisation is just below US$420 million, which means Felda’s 37% is now valued at just US$155.4 million, less than one-third what it paid.”

It was reported in August last year Felda chairman Shahrir Abdul Samad had said it had acted as intermediary for the Malaysian government in the acquisition of EHP.

He had said Felda was selected because of its expertise in managing oil palm plantations.

Shahrir had said Felda was also looking into the possibilities of venturing into the downstream business in Indonesia through EHP.

Felda, through Felda Properties Sdn Bhd, concluded the acquisition of a 37% stake in EHP from Rajawali Group in a deal worth RM2.26 billion in April.

Additionally, IPOM said EHP has been recording losses for the past few years.

It added in April 2017, a regulation was passed stating the European Union (EU) will ensure palm oil imported into the EU comes from sustainable sources and to only import sustainable palm oil after 2020.

“This does not bode well for Eagle High, whose unsustainable palm oil practices as well as its lack of RSPO and ISPO certifications have been widely documented.

“Given this, it is unlikely Eagle High’s revenues will improve in the coming years. It is more likely to decline once the European Union regulation takes effect.”

IPOM founded in 2017 is a news portal covering issues on palm oil and plantation relating to good governance, sustainability and community.

Established as a info hub, IPOM aims to provide interested parties about the industry and promote open and informed discussion between stakeholders. – February 20, 2018.