What make the public inquisitive of Felda's financial position was its purchase of the sugar business at the reported price of RM4billion.

It was reported that following this, its cash position of about RM6.5 billion dwindled to RM2.5 billion. The issue of its financial solvency has never been seriously raised.

There were speculations that if these funds were placed in the form of investments in foreign currencies denominated instruments overseas, there could be some temporary cash flow problem and foreign exchange implications in view of the recent appreciation of the ringgit against major currencies.

What really raised eyebrows of the public was the fact that immediately after the said transaction was announced, the retail price of sugar was immediately raised by RM0.25 per kilogram. Such a hefty increase in the price of such essential food item is really unprecedented.

Many tend to read that sugar business is not as profitable as it should be in the past, if not the prudent ‘Sugar King’ would not have sold his traditional business.

The detail of the transaction has never been disclosed to the public ,though in this instance it is of public interest.