PKR vice-president Rafizi Ramli estimated today that Felda had incurred accumulated losses of up to RM8.7 billion from 2013 to 2015 due to the public listing of Felda Global Ventures Holdings Bhd (FGV).

This has put the Felda Group and FGV in the same category with 1MDB in terms of weak financial status, he said in a statement today.

Rafizi, who had projected yesterday that the agency will have an accumulated debt of RM12.6 billion as of December this year, continued to highlight Felda's losses...