PETALING JAYA - The Federal Land Development Authority has lodged a police report claiming that former premier Najib Razak had cheated it into investing US$505 million in an Indonesian oil palm plantation company, Free Malaysia Today news site reported on Tuesday .Meanwhile, Malaysia's Economic Affairs Minister Mohamed Azmin Ali said he will table a White Paper on Felda on Wednesday in Parliament, to reveal its financial position.
"Settlers ought to know the true situation of Felda. They ought to know that the previous management was irresponsible," Datuk Seri Azmin said, as quoted by The Star online news. The police report by Felda, a Malaysian government agency, was made by its director-general Othman Omar at a Kuala Lumpur district police headquarters on Monday, FMT said.
Mr Othman said Felda took a RM4.8 billion loan to finance the deal from GovCo Holdings, a subsidiary of Malaysia's Finance Ministry.
Source: News Formal (newsformal.com)
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