Malaysia Risks RM2.5 Billion Loss Over Felda's Troubled Indonesian Investment

Malaysia stands to lose approximately RM2.5 billion if the issues surrounding Felda's investment in Indonesia's Eagle High Plantations (EHP) are not addressed appropriately. Prime Minister Anwar Ibrahim has personally intervened by writing to Indonesian President Prabowo Subianto to draw his attention to the matter.

Anwar Ibrahim described the EHP case as a prime example of investment scandals that have resulted in billion-ringgit losses and should not be repeated. He contrasted this significant issue with smaller matters, such as hotels in London or Kuching. The EHP investment is currently entangled in legal proceedings in Indonesia.

"The loss, if not handled, is RM2.5 billion. What we might get back is RM200 million. This is one example," the Prime Minister stated during a meet-and-greet event with Felda management. He revealed these figures to ensure that Felda management at all levels are aware of the severe challenges the organization faces in its recovery process.

The Prime Minister's intervention underscores the gravity of the situation, emphasizing the need for swift and effective management of this substantial investment to mitigate further financial damage to Felda and, by extension, the Malaysian economy.

“

The loss, if not handled, is RM2.5 billion. What we might get back is RM200 million. This is one example.