Former CEO further remanded
PUTRAJAYA: A former chief executive officer (CEO) of Felda Investment Corporation (FIC) is being remanded for another four days to assist in the investigation into the case of a hotel purchase in London.
The remand order until Aug 4 was issued by magistrate Nik Isfahanie Tasnim Wan Ab Rahman after the Malaysian Anti- Corruption Commission ( MACC) applied for the order from the court here yesterday.
The 46-year- old man is CEO of a government-linked company in Negeri Sembilan.
Clad in MACC lock-up attire, he arrived in court at 9.20am, handcuffed and seated on a wheelchair, accompanied by MACC officers. He appeared calm.
The case is being investigated under Section 15 of the MACC Act 2009. The suspect was represented by lawyers Fahmi Abdul Muin and Azra Kamarudin.
Fahmi said his client was on a wheelchair as he was suffering from a slipped disc and muscle spasms, and requires medical examination at Universiti Malaya Medical Centre.
On Monday, MACC arrested the man at 9.20pm at its headquarters here after almost 12 hours of his statement being recorded over the case.
The MACC had opened an investigation paper on the purchase transaction of a hotel in Kensington, London between 2013 and 2015 by FIC, believed paid for at a price much higher than the original price, causing the Felda subsidiary company to lose millions of ringgit.
FIC had reportedly bought the four-star hotel at £ 60 million ( RM330 million) on Dec 16, 2014. — Bernama