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Sensing it has found Umno’s soft underbelly, PAS today continued its onslaught against Felda by accusing the land development authority of abusing its cash reserve for individuals close to Umno.<\/p>\nSensing it has found Umno’s soft underbelly, PAS today continued its onslaught against Felda by accusing the land development authority of abusing its cash reserve for individuals close to Umno.<\/p>\n
PAS central committee member Datuk Husam Musa alleged that Felda has spent about RM500 million for projects which are unrelated to the body\u2019s operation.<\/p>\n
The Kelantan state executive councillor also claimed that an architect firm led by an Umno division leader from Terengganu was behind the projects.<\/p>\n
\u201cSo projects unrelated to Felda were funded generously.\u00a0 For examples, community colleges in Terengganu \u2014 RM18 million, in Sabah \u2014 RM22 million, upgrading of water supply in Pahang \u2014 RM200 million and the construction of Mara\u2019s science junior college \u2014 RM120 million,\u201d Husam said in his personal weblog.<\/p>\n
\u201cWhat has Felda got to do with MARA? The college costs RM 120 million and Felda happily paid for it. Perhaps they have too much cash that they don\u2019t mind funding projects not related to their business,\u201d he added.<\/p>\n
Husam told The Malaysian Insider he made the revelation as the federal government has failed to explain clearly how Felda\u2019s cash reserves had declined from RM4.08 billion in 2004 to RM1.35 billion in 2009.<\/p>\n
The government has since clarified that RM2 billion was spent for replanting crops, RM603 million for interest-free housing loans, RM253 million for Sabah poverty eradication efforts and RM662 million was used for the controversial new Felda headquarters<\/p>\n
\u201cThis is how I can help, whenever I can, I will reveal all the information in stages,\u201d he said.<\/p>\n
\u201cI hope Felda can be honest in responding in their explanation on the declining cash reserve,\u201d said Husam.<\/p>\n
He also claimed Felda has lost about RM8 billion since 2004 and not just RM2.73 billion as declared by Deputy Minister in the Prime Minister\u2019s Department Datuk Ahmad Maslan.<\/p>\n
\u201cBased on Ahmad Maslan\u2019s figure it is as if Felda did not earn anything from 2005 to 2009, and they had only cash accumulated up to 2004 to be spent,\u201d said Husam.<\/p>\n
\u201cAccording to the information that I received, between 2005 to 2009 Felda\u2019s income was RM5.2 billion. When the 2004 balance is added, the total amount is RM9.28 billion,\u201d he added.<\/p>\n
Felda was formed in 1956 to oversee development of rural land for rubber and oil palm planting and to improve the economic status of the rural community.<\/p>\n
Led by chairman Tan Sri Yusof Noor, Felda currently administers about 480 settlements nationwide with 112,635 settlers.<\/p>\n
Pakatan Rakyat parties have focused on Felda’s depleting cash pile after it tried to woo settlers in the Hulu Selangor by-election in late April.<\/p>\n
PKR itself has appointed losing Hulu Selangor candidate Datuk Zaid Ibrahim to lead a committee to look into Felda settlers’ issues, sensing that the settlers are a valuable vote bank in future elections.
Share it with others – MalaysiaInsider<\/p>\n","protected":false},"excerpt":{"rendered":"
Sensing it has found Umno’s soft underbelly, PAS today continued its onslaught against Felda by accusing the land development authority of abusing its cash reserve for individuals close to Umno. PAS central committee member Datuk Husam Musa alleged that Felda has spent about RM500 million for projects which are unrelated to the body\u2019s operation. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"better_featured_image":null,"_links":{"self":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/2802"}],"collection":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/comments?post=2802"}],"version-history":[{"count":0,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/2802\/revisions"}],"wp:attachment":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/media?parent=2802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/categories?post=2802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/tags?post=2802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}