Why? FELDA is doomed!
Imagine an organisation that paid its debts ahead of time and then was able to build a reserve of approximately RM3 billion now has to sought to bank borrowings to do replanting...!
Whispers heard indicated that FELDA is talking to RHB Bank to take a loan of RM2 billion for replanting! This was unheard off during the good old days before Yusof Noor and Bakke Salleh!
So what has these two goons done to FELDA?
Plunder and rape it real good that it has to borrow...
Now it would be good reason to go for listing since all reserves have been siphoned out?
What bullshit (pardon for using the word!) is Najib talking about listing and need to go abroad?
The investment in US has gone BAD... Words around said that it is REAL BAD that employees there are deserting the company! How much was paid for the company? RM300 million or was it US$300 million?
It has been going abroad and it has been making money. The only thing it was not doing was succumbing to politicians whims and fancies...!!!! It was quietly doing business of making money without the interference of the likes of Yusof Noor and Bakke Salleh...
Now there are even whispers that Bakke Salleh is designated to take over from Hassan Merican (Pak Hassan) of Petronas. Previous whisper was that Bakke Salleh would take over from Rodzi in Amanah Raya. I suppose Amanah Raya is not as big a gold mine as Petronas.
After successfully raping FELDA dry, Bakke now must move to bigger pots and Petronas would be the biggest of them all. I am sorry Pak Hassan! You may still be in Petronas but only as a Non-Executive Chairman. You would cry your heart out if and when Bakke comes in to take your place... I am sorry!
If Najib wants to survive beyond his First Term as PM, then he should act quickly. Otherwise he would be in the annals of history as the FIRST Prime Minister of Malaysia and FIRST UMNO President to be the head of opposition!
FELDA Group of Companies are 51% owned by over 140,000 settlers/members of Koperasi Permodalan FELDA Berhad. Why the need for listing?
Najib, please rethink of the advises you get. Especially from the likes of Yusof Noor and Bakke Salleh.
It has been often repeated that Bakke Salleh is close to Rosmah. If that is true, would Rosmah then be the real Prime Minister of Malaysia?
I am just too disgusted, angry and sad that I am lost for words...
I am sorry for all the hard and diligent work of pre-Yusof Noor tenure as Chairman of FELDA...!!! All your hard work has gone into the trash!
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