Felda settlers owe almost RM5b in various debts

Modified 5 Apr 2017, 5:53 am

Felda settlers owe almost RM5 billion in various debts, as of December 2015, said Deputy Minister in the Prime Minister's Department Razali Ibrahim.

He said the debts include loans to purchase Felda Global Ventures (FGV) shares, funds for land, replanting, higher education, computer loans, entrepreneur incentives, as well as housing renovations.

Razali did not provide a detailed breakdown of the loans in his written parliamentary reply last Monday...

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