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Felcra applied for RM150 million investment using pension fund, says witness | The Malaysian Insight

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Felcra applied for RM150 million investment using pension fund, says witness

A WITNESS told the Sessions Court in Kuala Lumpur today that the Federal Land Consolidation and Rehabilitation Authority had applied to the Ministry of Finance to use RM150 million from the Felcra employees’ retirement fund to invest in Public Mutual unit trust products.

Former Felcra investment general manager Adnan Yusof, 60, said the application was based on the memo issued by the ministry’s representative to Felcra. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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