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Turkeys Of The Year: Felda s long-standing Eagle High conundrum unresolved

THE Federal Land Development Authority (Felda) has been opaque about the status of its arbitration with Indonesia’s Rajawali Group, from which it bought a 37% stake in PT Eagle High Plantations Tbk five years ago for an exorbitant US$505.4 million, or RM2.26 billion then. Rajawali is the investment vehicle of Indonesian businessman Tan Sri Peter Sondakh, who is said to be a close associate of former premier Datuk Seri Najib Razak.

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