Federal Land Development Authority (Felda) chairperson Isa Samad said last week’s Orange Rally to protest the listing of Felda Global Ventures Holdings (FGV) was a ploy to hurt its shares.

isa samad interview 150509 According to a report by Utusan Malaysia today, Isa said that rally organisers had intended to scare FGV investors and incite settlers’ dissatisfaction against the government by causing  the company shares to fall.

“The fact is that there is nothing to oppose. FGV is listed on Bursa Malaysia, its share value has gone up, settlers aren’t facing any problems and investor confidence is good.

“Never in my life have I met a group of such bad-hearted people who are out to victimise settlers and wreck Felda and the country,” he was quoted as saying.

Isa was commenting on last Saturday’s Orange Rally organised by PAS-linked Felda Settlers’ Children Association (Anak), which saw some 5,000 protesters marching from the Federal Territory Mosque before submitting a memorandum at the new Istana Negara, urging the Yang di-Pertuan Agong to intervene in the listing.

orange march anti-felda crowd 3 The former Negri Sembilan menteri besar, in the report, also shot down complaints that settlers only received a meagre 800 units of shares from the listing, pointing out that they would also gain from Koperasi Permodalan Felda (KPF).

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