FGV probes past deals

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV), which has obtained approval to change its name to FGV Holdings Bhd, is undertaking independent forensic audit investigations into its past investments, which are likely to be concluded within the next two months.

One of the ongoing investigations is the group’s investment in London-listed Asian Plantations Ltd (APL), which is currently being conducted by a legal firm in London, particularly on the valuation of the land, said FGV chairman Datuk Wira Azhar Abdul Hamid (pic) after its AGM and EGM.