KUALA LUMPUR, — The Federal Land Development Authority (Felda) will continue to improve operational efficiency and transparent governance and optimise productivity efficiency so that the agency will remain relevant.
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Referring to the Auditor General’s Report (LKAN) on the financial statements of federal agencies for 2022 tabled in the Dewan Rakyat yesterday (March 6) which showed that the agency suffered a net loss of RM1.005 billion, Felda stressed that the loss did not refer to misuse, corrupt practices and weaknesses in management governance.
Felda, in a statement today, said that the loss was due to the impact of derecognition and remeasurement of settler loans with a value of RM339.01 million to alleviate their burden.
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