Felda's RM10 Billion Loss: A Story of Mismanagement and Political Interference

Prime Minister Anwar Ibrahim has revealed that Felda lost nearly RM10 billion due to mismanagement and political meddling, a stark admission that highlights deep-seated problems within the land development agency. Felda was once a profit-making giant that helped lift thousands of rural Malaysians out of poverty. But in recent years, it has struggled with debt and declining returns. Anwar's remarks came during a recent event, though the full breakdown of the losses has not been detailed. The PM pointed to political interference in board appointments and operational decisions as a key cause. He also cited poor management practices that led to wastage and inefficiency. The losses have direct consequences for Felda settlers, who depend on the agency for their livelihoods. Many have faced reduced incomes and uncertainty. The government has pledged to restructure Felda and improve transparency. Questions remain about how the money was lost and whether any legal action will follow. Anwar's statement is seen as an attempt to distance his administration from past failures. The revelation is likely to spark debate on the role of political influence in government-linked agencies and the need for governance reforms.