PETALING JAYA: Najib Razak today defended Felda’s investment in Indonesia’s Eagle High Plantations TBK , urging the Pakatan Harapan-led government to make public the agreement signed between the two companies.
Najib said the “put option” would allow Felda to sell back its 37% to EHP at the original purchase price plus the 6% annual interest charge borne by EHP. Najib said this meant that if EHP succeeded and the price of palm oil recovered, the investment would bring in huge profits. “Just admit that the main reason Felda is suffering losses now is because the price of palm oil fell below production costs after GE14.”
Who carried out the due diligence and the bankers who advised on the pricing and the deal. Everyone involved must be questioned and MACC has to investigate. Rakyat Malaysia is being asked to bail out Felda. We must have the truth.
I force them to buy....cannot remember !!!
Of you defend cos you got to benefit personally?
Because felda has done sooooo well because of u.
This can lead into another charge in courts. Let it be. One more charge.
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