Rafizi: Why, how did Felda get RM1b loan from S'pore firm?

Zikri KamarulzamanPublished: Jan 11, 2017 4:28 PM | Updated: Jan 11, 2017 5:08 PM

PKR vice-president Rafizi Ramli has questioned Felda's move to secure private funding of RM1 billion for a settlers housing project from a Singaporean firm.

He wanted to know how Felda managed to obtain the loan from Singapore's Putra Star Investment Holdings Pte Ltd.

"Even if I was one of the richest companies in the world, I wouldn't give RM1 billion without collateral.

"What did Felda put up as collateral to get the funding?" he asked during a press conference in Kuala Lumpur today.

UPDATED 5.05PM | Among others, he wants to know what Felda put up as collateral.

Comment0

By posting a comment, you agree to our Commenting Terms and Conditions as stipulated in full here.

Do's and don'ts when posting comments in Malaysiakini

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.

Subscriber-only space: