Felda begins disposal of assets to accommodate liabilities

KUALA LUMPUR (Dec 6): The Federal Land Development Authority (Felda), which is embroiled in allegations of mismanagement and mounting debts, has commenced the sales of non-strategic assets to accommodate its liabilities, says Chairman Tan Sri Megat Zaharuddin Megat Mohd Nor.

“We have started the process of selling non-strategic assets both within and outside the country and this process will probably runs until the middle or end of next year.