World · Malaysia Bureau
Felda pledges cooperation as MACC launches six investigations
The Federal Land Development Authority has committed to full cooperation with the Malaysian Anti-Corruption Commission, which has opened six separate probes into the agency and its investment vehicle, FIC.
LSN Malaysia ·
KUALA LUMPUR — The Federal Land Development Authority (Felda) has pledged its complete cooperation with the Malaysian Anti-Corruption Commission (MACC) as the anti-graft watchdog initiates six investigations into the land agency and Felda Investment Company (FIC).
The move marks an intensification of scrutiny into Felda's operations and financial management. The MACC's multi-pronged investigation signals serious concerns regarding governance and potential irregularities within the agency, which manages vast agricultural land holdings and settler welfare across the country.
Felda's commitment to assist the MACC underscores the agency's willingness to address any allegations and demonstrate transparency during the investigative process. The authority indicated it would make available all necessary documentation and relevant personnel to facilitate the inquiries.
The concurrent probes into both Felda and its investment arm suggest the investigations may encompass investment decisions, fund management, and operational conduct spanning multiple areas of concern. This development adds to mounting pressure on the agency to improve accountability measures and governance standards.
The investigations represent part of broader efforts by Malaysian authorities to strengthen oversight of government-linked entities and ensure proper stewardship of public resources and settler interests.