What specific directive did Anwar give to Felda management regarding the report?

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Anwar Demands Full Report on Proposed Felda Hotel Sale Amidst Significant Price Discrepancy

Prime Minister Datuk Seri Anwar Ibrahim has instructed the management of the Federal Land Development Authority (Felda) to submit a comprehensive report concerning the proposed sale of a hotel owned by the agency. This directive follows the discovery that the hotel was slated for sale at a price substantially lower than its original purchase cost, prompting the Prime Minister, who also serves as Finance Minister, to withhold approval.
Report Mandated on Discrepant Hotel Sale Price

Anwar directed Felda management to provide a complete report after reviewing a proposal to sell a hotel for £100 million (RM550 million). This figure represents a significant markdown from the £160 million (RM880 million) that the previous management had paid for the property. The Prime Minister expressed regret over this proposed loss-making transaction, particularly in light of the ongoing financial challenges faced by Felda settlers.
Prime Minister Refuses to Authorise Sale

As the Finance Minister, Anwar indicated that he refused to sign the approval document for the hotel's sale. His decision was based on the substantial financial loss implied by selling the asset for less than its acquisition cost. This action underscores a commitment to scrutinising such significant transactions involving government-linked agencies.
Concerns Raised Over Felda Settlers' Hardships

Anwar articulated his disappointment with the proposed sale by highlighting the existing hardships faced by Felda settlers. He mentioned their needs for improved basic facilities, such as air conditioning and school repairs, and insufficient income. The contrast between these pressing needs and the apparent casual financial losses from the hotel sale was a key point of concern.
Drive to Safeguard Felda's Institutional Integrity

The Prime Minister stated that the request for a full report is part of a broader effort to defend Felda as a crucial institution in Malaysia. He emphasised the need for corrective measures to prevent the decline of agencies, especially those historically associated with Malay communities, to ensure their continued viability and purpose.

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What specific directive did Anwar give to Felda management regarding the report?

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