Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 15): Tan Sri Mohd Isa Abdul Samad has been arrested by the Malaysian Anti-Corruption Agency (MACC) in relation to the controversial purchases of two luxury hotels by Felda Investment Corp Sdn Bhd. (FIC)

Mohd Isa was formerly the chairman of the Federal Land Development Authority (Felda), which wholly-owns FIC, an entity that engages in non-farm business.

According to the two anti-graft officers, Mohd Isa was arrested after being questioned at the MACC headquarters in Putrajaya, where he arrived with two of his lawyers at 2.40pm today .

“Mohd Isa will be detained for one day, and he will spend the night at the MACC lock-up. Tomorrow, MACC will be applying for a remand from the court,” one of the officers told theedgemarkets.com over the phone.

When contacted, MACCs deputy chief commissioner Datuk Azam Baki confirmed the arrest of Mohd Isa.

Mohd Isa’s arrest, Azam said, was following the statements given to the MACC officers previously.

“Therefore, MACC has a strong basis to arrest Mohd Isa, which will further facilitate us to complete our investigations in this case,” Azam said.

FIC is reported to have bought a four-star hotel in Kensington, London in December 2014 for RM330 million, which allegedly was three times the actual price of the property.

Another controversial purchase by the Felda subsidiary was that of a hotel in Kuching for RM160 million, which allegedly was some RM50 million above market value.

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