Admit Felda losses due to palm oil cost, Najib tells Pakatan govt

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PETALING JAYA: The Pakatan Harapan government should admit that Felda is suffering losses because the price of palm oil has dipped below production costs, says Datuk Seri Najib Razak

“Just admit that the main reason Felda is suffering losses now is because the price of palm oil fell below production costs post GE14,” he said in a Facebook post on Tuesday .

He described the deal endorsed by then Felda chairman Tan Sri Isa Samad, as “one-sided and risky” because EHP had debts amounting to US$547.4mil in 2014 with liabilities recorded at US$676.9mil in 2016. He added that the “put option” in the agreement would negate any unwarranted claim that Felda was suffering losses after buying stakes in EHP.

 

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Admit you stole from the country!!!

Care to comment of why overpriced eagle high was necessary if felda had no money U loaded more debt onto it.

Felda shares dropped by 60% long before GE14

bossku, sila jawab mengapa beli syer pada harga yang begitu jauh bezanya harga pasaran dan jualan?

You stole the money

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