MACC raids Felda Investment office — report

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KUALA LUMPUR (July 17): Malaysian Anti-Corruption Commission (MACC) officers seized documents from Felda Investment Corp's office here today to facilitate the MACC's probe on Felda Investment's RM330 million London hotel buy.

Bernama reported that the MACC's seven-member team arrived at Felda Investment's office along Jalan Gurney 1 at about 10:20am. It was reported that the MACC was investigating Felda Investment's four-star hotel buy within London's Kensington enclave in 2014.

Today, Bernama reported that "the preliminary investigation found that Felda Investment could have bought the hotel at a much higher price than the original sum, causing Felda Investment to lose millions of ringgit."

"Press members who received information on the MACC's visit had gathered at the building's main entrance since 9am to give coverage on the matter," Bernama reported.

According to the news report, the MACC had recently said in a statement that a number of individuals would be called to facilitate the investigation.

"The statement said the individuals to be called were key witnesses in the hotel purchase process between 2013 and 2015," Bernama reported today.