Hornbill Unleashed

July 28, 2017

After London buy, Felda unit’s Kuching hotel purchase now under MACC scope

Filed under: Politics — Hornbill Unleashed @ 8:44 AM

File picture shows a MACC team arriving at the Felda Investment Corporation (FIC) office at Jalan Gurney Kuala Lumpur, July 17 2017, to obtain documents that could help investigation into the purchase of a four-star hotel Kensington, London. — Bernama picThe Malaysian Anti-Corruption Commission (MACC) is now investigating Felda Investment Corporation Sdn Bhd’s (FIC) hotel purchase in Kuching, Sarawak.

The four-star Kuching hotel probe follows in the wake of an earlier investigation into FIC’s pricey purchase of a high-end hotel in Kensington, London, between 2013 and 2015.

The four-star rated Kuching hotel is believed to have been bought at a price above its market value, according to an MACC source.

The source added initial information received by the MACC showed that the purchase of the hotel had caused a loss of hundred millions of ringgit to FIC.

“The investigation team is currently evaluating the information received and is expected to go to FIC’s office at several locations to obtain documents and details regarding the purchasing of the hotel, soonest,” the source added.

MACC director of investigations Datuk Simi Ghani confirmed the matter when contacted, adding that MACC has already begun collecting information regarding the hotel buy by FIC.


Source : The Malay Mail Online by Bernama


 

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4 Comments »

  1. The previous major owners were Abang Johari, Khalid Mazuki, Ibrahim Baki? All PBB leaders. Interesting to see how MACC handle the case.

    Comment by Mat Som — July 30, 2017 @ 3:37 PM | Reply

  2. Was there a few million ringgit kickback to senior officials of Felda in a deal involving the purchase of Merdeka Palace Hotel by Felda? Felda has no business in non agriculture business especially hotels and shopping malls.

    Comment by Mat Som — July 28, 2017 @ 3:11 PM | Reply

    • Another wayang by MACC.
      Next to investigate Johor Corp?

      Comment by Nina — July 28, 2017 @ 4:51 PM | Reply

    • Was the difference in marked up price deposited in Singapore? I was told the broker was not paid the commission owed. Senior officials of Felda benefitted from the marked up price.

      Comment by Awaken Dayak — July 28, 2017 @ 7:29 PM | Reply


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