An Umno parliamentarian today queried the government why a person unrelated to Felda was allegedly given the pink form for one million shares in the recently-listed Felda Global Ventures Holdings Bhd (FGV).

“There is a guy in Sabah who has no connection with Felda, but he got a million FGV shares.

NONE “This person has not contributed anything at all to Felda, not even politically,” Abdul Ghafur Salleh (BN-Kalabakan) ( left ) told the Dewan Rakyat during Question Time today.

He revealed this in his supplementary question to Deputy Minister In the Prime Minister’s Department Ahmad Maslan, who fielded his original question on the criteria and groups eligible for FGV pink forms and blue forms.

The Kalabakan MP asked Ahmad to give him an answer in writing on the matter, including the list of all who has been given FGV pink forms.

The deputy minister agreed, although he said that as far as he knew nothing like what Abdul Ghafur said has happened, but posited that it may be a misunderstanding.

NONE “The Sabah state government is given five percent of the FGV shares. That is a substantial amount.

“I presume that this is where the confusion may lie, as it may be the Sabah government that got those shares,” reasoned Ahmad.

Earlier the deputy minister had answered that a total of 112,635 individuals were issued blue forms, while 22,357 others received pink forms for the FGV initial offering, which was the second largest IPO in the world after Facebook.

The blue form recipients are all Felda settlers who received 800 shares each.

Ahmad explained that pink forms were only issued to three groups of recipients:

  • FGV group directors
  • FGV group staff members
  • Former staff members, contract staff memebrs and those who have contributed to the group.

However, all the above must have held their tenure with the group for at least a year at the time of the IPO, to be eligible for the pink forms.