FGV appoints forensic auditor as Felda widens governance review

FGV Holdings, a subsidiary of Felda, has appointed an independent audit firm to carry out a forensic audit into matters involving an entity with corporate ties to the group. Felda said the move follows recommendations from the prime minister, MACC and the Felda 2030 committee, and that similar appointments are being made at other subsidiaries. Forensic audits of Felda have been running since 2019, with earlier Ernst & Young findings tabled in Parliament in the 2020 White Paper.