EPF trying to save plunging FGVH: Is it a wise and ethical move?

News are trickling in, fast and furious on the plunging FGVH shares, while we do pity the FELDA settlers, we strongly and sincerely believe that  the act of EPF (Employers Provident Fund) buying these shares to halt the plunging is quite unfair and not a very wise move. The Employers Provident Fund EPF has been accumulating shares of Felda Global Ventures Holdings FGVH even as shares of the plantation giant sank to a new low yesterday closing at RM4 68 a share or just 13 sen above its issuing price According to filings with Bursa Malaysia the country s largest pension fund s stake in FGVH have increased 5 4 per cent since September 3 the day before FGVH plunged below the RM5 mark   It is mandatory for private sector workers to contribute to the fund which is managed by representatives from the government and unions EPF now holds a 6 98 per cent stake in the group up from 6 62 per cent on September 3 and sharply higher than the 5 01 per cent stake it held on July 12 And just to refresh your mind,  The pension fund also recently spent a mind boggling RM2 4 billion to take over the Rubber Research Institute RRI land in Sungai Buloh that will be turned into a township

The EPF funds belong to the millions of workers and should not be gambled or used or rather abused for the sake of the Government of the day. By the where is Isa Samad?...the maverick who was boasting loudly when the prices were climbing suddenly seems to have gone hiding. Why the deafening silence of Ahmad Maslan the UMNO minister in charge? The man who seems to have all the answers and consistently make bold predictions suddenly became clueless? What about the media's who were proudly publishing photos and broadcasting clips of FELDA settlers rejoicing on the increasing prices of the shares? Ran out of steam?

Do not be surprised if there are statements, albeit stupid statements...from the Toms, Dicks and Harrys of the powers to be claiming that this is nothing serious...it is left hand helping right hand....it is from left pocket to right pocket....after all it is the Boleh Land!

Dear GOD, please have mercy and help us......a.h.baharom