Malaysia faces RM2.5 billion loss if Felda's Eagle High issue unresolved

Malaysia stands to lose approximately RM2.5 billion if the issues surrounding Felda's investment in Indonesia's Eagle High Plantations (EHP) are not adequately resolved. Prime Minister Datuk Seri Anwar Ibrahim has personally intervened, sending a letter to Indonesian President Prabowo Subianto to seek help with the legal case currently before Indonesian courts.

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The issues raised involving hotels in London or Kuching, those are small problems. The biggest issue includes the investment in Indonesia, Eagle High, which is now stuck in court in Indonesia.

Anwar highlighted the EHP investment as a prime example of a scandal that has resulted in billions of ringgit in losses, emphasizing that such occurrences must be prevented in the future. He contrasted the magnitude of this issue with smaller concerns, stating, "The issues raised involving hotels in London or Kuching, those are small problems. The biggest issue includes the investment in Indonesia, Eagle High, which is now stuck in court in Indonesia."

"I have also written a letter to President Prabowo asking him to look into this problem. The loss, if not handled, is RM2.5 billion. What we might get back later is RM200 million. This is one example," Anwar stated during a gathering with Felda management. He revealed these figures to ensure that all Felda managers, from the grassroots level upwards, understand the severe challenges Felda faces in its recovery process.

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I have also written a letter to President Prabowo asking him to look into this problem. The loss, if not handled, is RM2.5 billion. What we might get back later is RM200 million. This is one example.

Anwar also addressed criticisms regarding actions taken against Malay and Islamic institutions, such as Tabung Haji (TH). He clarified that investigations into mismanagement at TH, as detailed by a Royal Commission of Inquiry (RCI), were not aimed at the institution's Islamic image but were necessary to correct identified flaws. He asserted that a similar approach is applied to other institutions, including Felda, and these actions should not be framed as issues of race or religion. "We take action because it is under the government. If we identify a problem, we will take action. We do not ask if it is a Malay company or a government company. If we identify a problem, we will take action," he stated.

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We take action because it is under the government. If we identify a problem, we will take action. We do not ask if it is a Malay company or a government company. If we identify a problem, we will take action.