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🇲🇾 Malaysia /Economy & Trade

KPF Members Demand Payment of Share Redemptions

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • More than 9,000 KPF members are demanding action over delayed share-redemption payments, with some saying they have waited since 2023 or 2024.
  • A group of affected members held a peaceful protest and hunger strike, calling for government intervention, an independent forensic audit and a binding payment schedule.
  • Members said the delays have especially affected elderly people, retirees and settlers’ widows who rely on their savings.

More than 9,000 members of Koperasi Permodalan FELDA Malaysia Berhad are demanding an immediate resolution to delayed share-redemption payments worth millions of ringgit. Some affected members say they have been waiting since 2023 and 2024, with delays exceeding two years.

Syed Alwi Syed Shariff, who lives in Seremban, joined more than 30 affected members in a peaceful demonstration and hunger strike outside the FELDA office. The group called for Prime Minister Anwar Ibrahim to intervene over KPF’s liquidity problems and protect settlers’ welfare.

We cannot deny that we received dividends from our savings, but the amount we received was not proportionate.

· Syed Alwi Syed ShariffSyed Alwi described why members remained dissatisfied despite receiving dividends.

They also demanded an independent committee and forensic audit of KPF’s fund management, investments and assets. Other requests included a clear and binding payment schedule that prioritises elderly members and people facing emergencies, as well as an official explanation of the cooperative’s cash and liquidity position compared with its reported assets.

Whenever I want to withdraw my full savings, there is always an excuse. They say they do not have enough cash flow to pay us.

· Syed Alwi Syed ShariffHe described the explanation members received for the delayed redemptions.

Syed Alwi said members received dividends, but the payments did not match what they needed. He said KPF repeatedly cited insufficient cash flow when members sought to withdraw their full savings. Hamidah Ismail, another affected member, said she felt like a beggar while asking for her own money.

Hamidah said she worked with FELDA for 32 years and had salary deductions throughout that period. In 2023, she requested RM30,000 but initially received only RM5,000. Later withdrawals were also limited to RM5,000. Lawyer Afiq Asyraf said a police report was filed on May 16, 2025, seeking an investigation into allegations concerning the management of members’ funds.

I feel like a beggar when asking for my own savings.

· Hamidah IsmailHamidah described her experience seeking payment from the cooperative.
About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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