'Felda's losses could have built homes for settlers'

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The losses sustained by the Federal Land Development Authority (Felda) could have been used to build homes for second generation settlers, said PKR's Sikamat assemblyperson Aminuddin Harun.

Deputy Minister in the Prime Minister's Department Razali Ibrahim yesterday told Parliament there was unrealised losses of RM1.21 billion from Felda's 33.8 percent stake in Felda Global Ventures Bhd (FGV), but this is recorded as investment because FGV is an associate company.

"If not for these losses, perhaps the second generation settlers' homes could already be enjoyed in Felda, especially in Negri Sembilan where settlers can only see sign boards staked in the lead up to elections," Aminuddin said in a statement...

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