Felda Global Ventures Holdings Berhad (FGV), the world’s largest palm oil producer, through FIC Properties Sdn Bhd, agreed to become a strategic partner of Rajawali Corpora (controlled by tycoon Peter Sondakh) in PT Eagle High Plantation Tbk (BWPT) over two years ago by acquiring shares of the Company. The deal was sealed entering 2017. In the middle of the process, we all know that Felda became a subject of corruption probes related to the 1MDB scandal which brought down Malaysia’s former Prime Minister Najib Razak. On April 8, 2019, Malaysia’s news outlets reported that Felda’s new Director General Datuk Dr. Othman Omar, who took over the office in October 2018, had submitted a police report at the local police commercial crime unit, claiming that Felda was cheated into entering into a “one-sided” deal for the sale and purchase of BWPT’s shares.
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