BIGGER & MORE EXPLOSIVE THAN 1MDB: FELDA GRINDING TO A HALT – UNABLE TO PAY BILLS ON TIME, FORCED TO RESCHEDULE LOANS & NOW CANNOT EVEN TABLE AUDITED A/CS FOR 2015/2016

KL : Rafizi wants Felda to table 2015 and 2016 financial statements

Rafizi claims losses come to RM12.6b

Felda not making any money
been making losses since 2012
Felda required by law to table financial statements in Parliament
last time it did was 2014.

Shahrir in February said statements tabled in March parliament
2 parliamentary sittings passed
statements yet to be seen,” Rafizi said.

Rafizi brought up the matter last August
Shahrir and Najib remained silent on the matter

these two are praying matter will slowly die off.

2015, 2016 financial statements will cause big trouble for Najib.

when companies owned by govt in scandal delay in financials

last time 1MDB submitted financials in March 2014.

2014 statement Felda debts RM7.7 billion.
in Parliament 2016 said Felda RM2.6b in debts.

Felda to pay Eagle High RM2.2 billion.
total comes to RM12.6 billion.
group earnings not more than RM1 billion each year.
“RM1 billion each year only enough to pay interest not principal.

– Mkini

My comments : Hello media. Felda will tell you that Felda and its subsidiaries HAVE NOT DEFAULTED on any loans. Fine.

But ask Felda if any of Felda and its subsidiaries have had any type of loan or credit lines rescheduled or renegotiated?

If they had any loans with banks rescheduled, say in the past two years?

Or if they renegotiated any credit (hutang) with their suppliers say in the past two years?

That may give a better understanding of Felda’s cash flow situation.

Or find out who are Felda’s suppliers and ask them if Felda pays their bills on time.

My view is Felda came before 1MDB.

They are grinding to a halt – a very painful halt.
Not the entire country though. Thank Allah.

– http://syedsoutsidethebox.blogspot.my

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