Felda working to file civil suits against errant execs
The Federal Land Development Authority (Felda) will initiate civil suits against its errant executives, Deputy Minister in the Prime Minister's Department Razali Ibrahim said.
In a parliamentary written reply, Razali said the MACC has conducted an investigation on these executives, while the Attorney-General's Chambers had already initiated prosecution against them for criminal breach of trust.
"Felda is in the process of filing a civil summons against the relevant parties," he said.
"As for the overseas investments, the prosecutor has filed a summons for abuse of power, and a full trial has been conducted in court," he said, although not detailing the case and the GLCs involved...
The Federal Land Development Authority (Felda) will initiate civil suits against its errant executives, Deputy Minister in the Prime Minister's Department Razali Ibrahim said.
In a parliamentary written reply, Razali said the MACC has conducted an investigation on these executives, while the Attorney-General's Chambers had already initiated prosecution against them for criminal breach of trust.
"Felda is in the process of filing a civil summons against the relevant parties," he said.
"As for the overseas investments, the prosecutor has filed a summons for abuse of power, and a full trial has been conducted in court," he said, although not detailing the case and the GLCs involved.
Razali was responding to Fong Kui Lun (DAP-Bukit Bintang), who wanted to know the status of Felda and its subsidiaries over recent investment irregularities, as well as the reason why those who caused Felda investors to make losses have not been prosecuted.
Amid Felda's dwindling fortunes, its chairperson Isa Samad was in January replaced by Johor Bahru MP Shahrir Abdul Samad
In June, Isa was also removed as the Felda Global Ventures's (FGV) chairperson. Felda is a substantial shareholder in FGV.
Two months later, Isa was arrested by the MACC as part of an investigation into FGV's alleged overprice purchases of hotels abroad and locally.

