KUALA LUMPUR: Risda has clarified that the RM33.2mil loans given to its two subsidiaries and the National Smallholders Co-operative were utilised for the benefit of smallholders and not misappropriated into the pockets of its officers.
Its chairman Datuk Abdul Raman Suliman said Risda did not find evidence to show that the money was misappropriated although the withdrawal was not according to procedure.
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