Chairman Isa defends Encorp land purchase

Isa: ‘Encorp belongs to Felda, so what’s the problem?’

PETALING JAYA: Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad defended the acquisition by Encorp Bhd of a piece of land in Bukit Katil, Malacca, from its parent company for RM583.6mil to be paid on a deferred basis.

He said Felda could not develop the land itself and hence had handed the responsibility to Encorp.