PKR vice-president Rafizi Ramli has questioned Felda's move to secure private funding of RM1 billion for a settlers housing project from a Singaporean firm.

He wanted to know how Felda managed to obtain the loan from Singapore's Putra Star Investment Holdings Pte Ltd.

"Even if I was one of the richest companies in the world, I wouldn't give RM1 billion without collateral.

"What did Felda put up as collateral to get the funding?" he asked during a press conference in Kuala Lumpur today.