Isa Samad gives statement to MACC over FIC hotel purchase

Former Felda chairperson Mohd Isa Abdul Samad went to the Malaysian Anti-Corruption Commission headquarters in Putrajaya today, most likely to give a statement on the purchase of hotels by Felda Investment Corporation (FIC).

He was seen arriving with two of his lawyers at the compound of the MACC headquarters at 2.40pm but only Mohd Isa entered the office.

FIC is a subsidiary of Felda which engages in non-farm business.

The MACC reportedly opened an investigation into the FIC purchase of a hotel in Kensington, London, between 2013 and 2015, at a price that is believed to be much higher than the original, thus causing the Felda subsidiary to suffer millions of ringgit in losses.

FIC reportedly bought the four-star hotel for 60 million pound sterling (about RM330 million) on Dec 16, 2014.

It was reported that the MACC also opened an investigation into the FIC purchase of a hotel in Kuching after getting information while investigating the purchase of the hotel in Kensington.

-- Bernama

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