Auditor-General's Report: Felda lost RM1bil in 2022

Source: The Star

PETALING JAYA: The Federal Land Development Authority (Felda) had losses of RM1bil, the Auditor-General's Report for 2022 has revealed.

It also said that Felda and government-owned housing developer PR1MA Corporation Malaysia were facing ongoing business issues based on their level of debt and dependence on government assistance, whether in the form of grants, loans or guarantees.

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The report also includes the Armed Forces Fund Board (LTAT), relating to the clarification of investment values in two subsidiary companies and the payment of dividends based on non-cash profits to contributors.

The A-G's Report on Federal Agencies Financial Statement for 2022 is accessible at the National Audit Department's website at https://lkan.audit.gov.my.

It was presented in the Dewan Rakyat on Wednesday (March 6).