Putrajaya set to bail out debt-laden Felda with RM3 billion package | The Malaysian Insight

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Putrajaya set to bail out debt-laden Felda with RM3 billion package

Some 2.6 million Malays have roots in Felda schemes, and form a massive voting bloc of more than 1.2 million people, or some 8% of total registered voters of 15 million. – The Malaysian Insight file pic, March 29, 2019.

PUTRAJAYA is considering a RM3 billion package to ease the cashflow of scandal-plagued Federal Land Development Authority and help the 112,635 Malay families whose livelihoods depend on the land development scheme, reportedThe Felda white paper, due to be presented to Parliament in two weeks, will detail how the state agency accumulated billions in debts, apart from revealing the bailout plan.

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Whose money? Mine as a tax payer and I ask why should I burdened by this.

Keep pumping till the tap runs dry 👿

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