MACC DE­TAINS FOR­MER FIC CEO AF­TER QUES­TION­ING

Sus­pect ex­pected to be re­manded to­day

New Straits Times - - Front Page - FAIRUZ MOHD SHAHAR PU­TRA­JAYA news@nst.com.my

AFORMER chief ex­ec­u­tive of­fi­cer of Felda In­vest­ment Cor­po­ra­tion (FIC) was de­tained af­ter 12 hours of ques­tion­ing by the Malaysian Anti-Cor­rup­tion Com­mis­sion here last night.

The ar­rest was to fa­cil­i­tate in­ves­ti­ga­tions into FIC’s pur­chase of a RM330 mil­lion four-star ho­tel in Kens­ing­ton, London.

MACC in­ves­ti­ga­tion di­rec­tor Datuk Simi Abd Ghani con­firmed the ar­rest and said the sus­pect was ex­pected to be re­manded to­day.

The for­mer CEO ar­rived at the MACC head­quar­ters at 9.30am to have his state­ment recorded and was ar­rested at 9.30pm.

Three peo­ple were ar­rested ear­lier by MACC over in­ves­ti­ga­tions into the pur­chase of another ho­tel, al­legedly with an in­flated price, in Kuch­ing, also by FIC.

In­ves­ti­ga­tors were re­port­edly prob­ing into FIC’s pur­chase of the four-star ho­tel and why the firm paid RM160 mil­lion for the prop­erty, which had a mar­ket price of RM110 mil­lion.

MACC chief com­mis­sioner Datuk Dzulk­i­fli Ah­mad had said the pur­chase of the ho­tel was above the mar­ket price, caus­ing mil­lions of ring­git in losses to the in­vest­ment arm of the Fed­eral Land Devel­op­ment Au­thor­ity.

In another devel­op­ment, lawyer Mo­hamed Ridza Ab­dul­lah yes­ter­day clar­i­fie d that l aw firm Mo­hamed Ridza & Co. was not un­der in­ves­ti­ga­tion by MACC.

He was com­ment­ing on news re­ports that sug­gested the firm was in­ves­ti­gated over MACC’s probe into FIC’s Kuch­ing ho­tel pur­chase or another mat­ter.

“As lawyers for the trans­ac­tion, MACC vis­ited our of­fice to re­quest our sup­port and as­sis­tance in pro­vid­ing agree­ments re­lat­ing to the ac­qui­si­tion.

“As re­spon­si­ble cor­po­rate cit­i­zens, we are happy to as­sist and co­op­er­ate with MACC and all other author­i­ties in ac­cor­dance with the pro­vi­sions of the law,” he said.

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