Govt agrees to write off debts of Felcra participants

The government today agreed to write off the debt of Felcra Bhd participants and disburse payment amounting to RM181.5 million in 2/2022 interim profit distribution for its participants, Caretaker Prime Minister Ismail Sabri Yaakob announced.

He said he was informed that the Felcra Board of Directors had approved the proposal to request the government to write off the outstanding debts of the Felcra participants' amounting to RM233.8 million for less viable projects...