Felda begins asset sale to cut debts


KUALA LUMPUR: The Federal Land Development Authority (Felda), which is embroiled in allegations of mismanagement and mounting debts, has commenced the sales of non-strategic assets to accommodate its liabilities, says chairman Tan Sri Megat Zaharuddin Megat Mohd Nor.

“We have started the process of selling non-strategic assets both within and outside the country and this process will probably run until the middle or end of next year.

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Felda , Megat Zaharuddin , asset , sale , debts , convocation ,

   

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