• The Federal Land Development Authority (FELDA), in a statement on Thursday, clarified that GWGF clearly presented the wrong facts by mentioning the purchase of a luxury condominium by FGV Holdings Berhad (FGV), even though it actually refers to a hotel purchased by FELDA Investment Corporation Sdn Bhd (FIC).

KUALA LUMPUR (Aug 4): The statement issued by Gabungan Wawasan Generasi Felda (GWGF) regarding the purchase of two properties in London, United Kingdom, is inaccurate and an old issue that was raised in 2017.

The Federal Land Development Authority (FELDA), in a statement on Thursday, clarified that GWGF clearly presented the wrong facts by mentioning the purchase of a luxury condominium by FGV Holdings Berhad (FGV), even though it actually refers to a hotel purchased by FELDA Investment Corporation Sdn Bhd (FIC).

GWGF, in a statement on Wednesday, asked FELDA to explain the purchase, which had been described as wasteful and not beneficial to Felda settlers.

According to FELDA, the explanation regarding the purchase of the two hotels, Grand Plaza Kensington and FELDA House, had already been presented in the FELDA White Paper, which included the scope of the forensic audit in April 2019 as investigated by Ernst & Young.

“This FELDA White Paper is also an official document that can be accessed by the public. This matter is also being investigated by the MACC (Malaysian Anti-Corruption Commission), and an official report was also lodged in 2019 by FELDA to the UK Serious Fraud Office for further action by the authorities,” said Felda.

FELDA also said that until now, the Grand Plaza Kensington and FELDA House are still operating, with an average occupancy rate of over 65% , and the student accommodation occupancy rate is also expected to reach 98% next year.

“FELDA welcomes the efforts of individuals and NGOs that bring the voice of the FELDA community, but these efforts must be based on sincere intentions. Bringing up outdated issues that have already been explained before proves GWGF's insensitivity to the development of FELDA,” it said.

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