PKR: Shahrir's RM4.3b revelation underscores need for RCI

PKR today commended Federal Land Development Authority (Felda) chairperson Shahrir Samad for revealing that RM4.3 billion raised in the Felda Global Ventures initial public offering (IPO) is untraceable.

However, communications director Fahmi Fadzil said it would amount to nothing if a royal commission of inquiry is not set up on Felda.

"Shahrir's openness in admitting the disappearance of the RM4.3 billion is the right thing to do but it is not enough if it is not followed up with stern action.

"In fact, Shahrir's admission convinces Malaysians that an RCI which includes opposition lawmakers can provide further explanation on the RM4.3 billion Felda scandal," he said in a statement.