Prime Minister Datuk Seri Anwar Ibrahim has ordered Felda’s management to submit a full report on a proposed hotel sale, which would have seen the asset sold for £100 million compared to its original £160 million purchase price.
Anwar, who is also Finance Minister, said Felda management had approached him about two months ago seeking his signature to approve the sale.
He declined after questioning why the hotel was being disposed of at a significantly lower value than its acquisition price.
“I did not sign it. I said, find out again who did this and prepare a report,” Anwar said.
Anwar expressed concern over the proposed disposal, particularly as Felda settlers continue to face financial pressures and require government assistance for basic needs and infrastructure.
He said settlers had raised issues ranging from insufficient income to requests for improvements to schools and household facilities, making it unacceptable for Felda to incur losses so easily through asset transactions.
Anwar said the directive for a comprehensive report was aimed at safeguarding Felda and ensuring greater accountability in the management of one of Malaysia’s key institutions.
He stressed that government agencies, including institutions established to support the Malay community, must be managed responsibly if they are to remain sustainable and continue serving their intended purpose.
