PKR vice-president Rafizi Ramli today urged the Federal Land Development Authority (Felda) to show that the agency's planned purchase of Indonesia's PT Eagle High Plantation adheres to regulation and policy.
Rafizi said the 37 percent stake purchase, which requires Felda to obtain a loan, is a high-risk venture - the same sort that auditor-general Ambrin Buang ticked Felda off in the 2010 audit report.
Ambrin had then censured Felda for making investments which breached the ruling that investments in other companies cannot be more than 24 percent of the total funds in Felda accounts, to avoid risk.