Felda DG says told of transparency concerns at state entities
Felda director-general Datuk Othman Omar at the Anti-Corruption and Integrity 2019 forum in Kuala Lumpur September 17, 2019. — Picture by Hari Anggara
Othman said such a practice raised concerns about the lack of transparency in the management of state assets as such holding firms are typically directed by a handful of people such as the MB or CM, the state secretaries, and senior financial officers. “So they decide just what’s good for the state. Only three people deciding on multi-billion-dollar investment is going to be very hard to be transparent,” he toldThe arrangement also effectively prevented the state executive councils from monitoring how state resources are being invested.
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