Felcra chairman says the agency will cooperate fully with any MACC probe into its oil palm plantation purchases in Kelantan and Sabah
MACHANG: Felcra Berhad will fully cooperate with the Malaysian Anti-Corruption Commission should it investigate the agency’s acquisition of oil palm plantations.
Its chairman, Datuk Ahmad Jazlan Yaakub, said the MACC has not yet contacted him regarding the matter.
He expressed confidence any investigation would be conducted prudently and according to procedure.
“I view the MACC as an institution with full integrity,” he told reporters after officiating a MADANI Adopted Village initiative in Bukit Tiu.
He stated all decisions related to the investment were made by the Felcra board of directors.
Ahmad Jazlan explained the acquisition was part of the Transformation 1.0 programme approved in 2022 for long-term sustainability.
He noted the last major acquisition of plantation assets was around 2013 before the transformation began.
Financial constraints currently limit significant land expansion as Felcra’s finances are still recovering.
All acquisitions are financed internally from commercial sector profits, not via bank or government loans.
Purchases were based on valuations by the Valuation and Property Services Department.
Most were bought below the price assessed by the department.
On December 5, Minister Datuk Seri Azalina Othman Said addressed a parliamentary question on a potential MACC probe.
The query followed an Auditor-General’s report alleging mismanagement at Felcra.
Auditor-General’s Report 2/2025, tabled last July, revealed various leakages and governance weaknesses.
The total value of audited projects in the report amounted to RM48.87 billion. – Bernama
