FGV confirms probe is on Felda Iffco’s subsidiary

Felda Global Ventures’ Holdings Sdn Bhd’s (FGV) plans to penetrate the European Union with its palm oil products now that it has established a gateway into Europe via Turkey-based company, Felda-Iffco Gida Sanayi ve Ticaret, a JV between FGV and Dubai-based Iffco Holdings Ltd. The Felda-Iffco refinery in Turkey has a 3.2% share of the palm oil market in the country and it plans to increase it to 8.4% next year. Sept 2011.

* To read the story “Fraud in Felda Global Ventures”, click here