This is how else the RM24b bailouts for Felda, Tabung Haji could have been used and abused
The government has allocated RM6.3 billion to rescue Federal Land Development Authority (Felda) and another RM17.8 billion on a restructuring plan for Lembaga Tabung Haji.
(MMO) – In effect, they are bailouts for problems created and entrenched during the previous administration.
The RM24 billion to resuscitate the smallholder farming agency and Muslim pilgrimage fund after years of alleged financial mismanagement and fraud is huge, to say the least.
For perspective, it is the equivalent of nearly 8 per cent of the whole federal Budget for 2019 and could have been used to pay for the RM16.7 billion LRT3 line in its entirety plus change.
