#felda

UPDATED 7.54PM | Shahrir says several avenues being pursued to reclaim land worth RM270m.

It is a piece of land valued around RM270m located along Jalan Semarak in KL, say sources.
 

RM2 million damages to Felda and FGV one of the highest amounts in recent history. 

UPDATED 6.30PM | Judge says the previous sum of RM70,000 set by deputy registrar was excessively low.

UPDATED 8.40PM | A summons for abuse of power on overseas investments also filed, Razali Ibrahim adds.

Rafizi claims one of Felda's London properties only owned by shell company registered in BVI.

However, Razali Ibrahim denies Rafizi's claim, saying no company was registered on that day.

Felda Investment Corporation says it owns Felda London Hotel (Private) Limited (FLH) and FIC Global Limited.

He points to the financial report of Larmway Properties which sold the Grand Plaza SA to Felda in 2013.

UPDATED 10.47PM | It is part of initiatives to reorganise and restructure assets to strengthen Felda's financial position. 

Shahrir’s ‘Ferrari’ analogy trivialises potential losses from Felda’s London hotel sale, PKR veep says.

FGV has suffered long enough and so have the settlers.

Anak reiterates the need for FGV’s current board of directors to resign.

'We buy assets when we are quite well off and monetise them when we need cash,' the Felda chief says.

UPDATED 2.10PM | Anak urges settlers to use GE14 to right the wrongs done to Felda, such as the listing of FGV.

UPDATED 3.30PM | The probe into FGV and Felda's Kuching hotel purchase is 'almost over', Dzulkifli Ahmad says. 

FGV CEO says he was not going to join a management meeting but had other matters to attend to.

PKR leader projects own debt figure due to goverment's silence on Felda's accounts. 

Khaled says there would be no 'political tsunami' to the opposition from the voters in Felda.  

'I did not ask for this position but I can't refuse as Felda is not found in other countries,' says chairperson. 

Senior cabinet members are part of the Economic Council, which approves big investments abroad, he adds.

UPDATED 1.50PM | Ex-Felda boss will get a room, sofa and medical attention, MACC tells the registrar.

UPDATED 11.55PM | The former Felda chair was detained when he went to the MACC HQ to record statement.

Felda chairperson Shahrir Samad says MACC's probe will help 'cleanse' Felda and improve its governance.