PETALING JAYA: Felcra Bhd went ahead with the RM62.29mil purchase of the Telupid palm oil estate despite a feasibility study concluding that the land was not economically viable due to poor soil and uneven terrain, according to the Auditor-General’s Report 2/2025.
The report stated that the non-executive director representing the Finance Ministry had disagreed with the acquisition, citing the feasibility study’s findings that the soil series and topography were only moderately suitable for development.
