Weak management team caused Felda’s downfall

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the Cabinet had agreed the tabling of the White Paper, which was scheduled to be tabled to Parliament on Monday, had to be postponed to the first meeting of the second session of the 14th Parliament (2019).

PETALING JAYA: The downfall of Felda, which is currently saddled with huge debts and in a critical financial situation, is attributable to its former weak management team and its non-profitable investments.

Felda is also faced with both integrity and accountability issues, said the White Paper.