Felda bankrupt accusations just a ploy to fish for votes from settlers


KUALA TERENGGANU: Claims by some irresponsible people that Felda was bankrupt, was aimed at fishing votes from settlers, said Felda Chairman Tan Sri Dr Mohd Yusof Noor.

Mohd Yusof said due to the irresponsible accusations, Felda had to explain the actual status to foreign business partners.

“We had to explain the matter to our business partners in India, Pakistan, China, South Africa and United States because they were concerned with such news,” he told reporters here last night.

He added that such claims were baseless accusations because Felda was among the best agencies when compared with other organizations.

“The management does not see a recession in Felda’s income. Average income from Felda’s main business sectors, plantation and other ventures that contribute towards income, remains strong.

“I wish to reiterate that Felda has not been affected, instead we are getting stronger in terms of business and reputation,” he said.

Mohd Yusof said the opening of a Felda Residence in Tanjung Leman, Johor, at a cost of RM32 million in December would also add credence to the fact that Felda has the financial muscle.

“The residence has 100 rooms and can fill 320 guests. It costs money. If we don’t have the money, how can we build this. We are not building such facilities for fun but to provide job opportunities for Felda settlers,” he said.

He added that such baseless accusations by irresponsible people may have an adverse effect on Felda’s business overseas. — Bernama