Felda Global Ventures Holdings (FGV) has been asked to clarify if the US$174.5 million it paid to Rajawali Group in 2015 has been refunded.

This was posed by PKR vice-president Rafizi Ramli following FGV's termination of an agreement to acquire a 37 percent stake in Eagle High Plantations Tbk from the group.

FGV was required to pay US$174.5 million to Rajawali as a deposit and the sum, including interest, is to be refunded if the deal was terminated.

The sum amounted to RM654 million (US$1=RM3.70) based on the exchange rate when the heads of agreement was signed in June 2015.

"FGV confirmed the termination of the proposed share acquisition in a notice to Bursa Malaysia on Dec 23, 2016.

"As the matter took place at the end of 2016 and FGV's fourth quarter financial results for 2016 has yet to be released, there is no information on the RM654 million deposit," Rafizi said in a statement today.