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The Star·3 min read·medium

Anwar: Felda planned to sell hotel at RM330mil loss

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Anwar: Felda planned to sell hotel at RM330mil loss
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Malaysian Prime Minister Anwar Ibrahim blocked a proposed sale of a UK-based hotel by the Federal Land Development Authority (Felda) that would have resulted in a RM330 million loss. Anwar criticized the management's decision to sell assets below their purchase price while settlers face financial hardship.

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MELAKA: The Federal Land Development Authority (Felda) had planned to sell a hotel it owned for £100mil, although the hotel had been bought for £160mil.

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