Three Detained over FIC’s Kuching Hotel Purchase

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Two suspects were arrested in Putrajaya and one in Kuching in connection with the probe on FIC’s Kuching hotel purchase, alleged to have been bought for RM40 million to RM50 million higher than market value.

  • Suspect #1 – aged 47, director of company appointed as agent to manage hotel purchase
  • Suspect #2 – aged 51, also director of agent
  • Suspect #3 – aged 57, director of company that owns the hotel and appointed agent company

The Malaysian Anti-Corruption Commission (MACC) arrested three individuals yesterday to assist with investigations over Felda Investment Corporation’s (FIC) purchase of a hotel in Kuching in 2014.

Two of the suspects were directors of a company appointed as the agent to manage the purchase, a source familiar with the matter told Malay Mail Online.

The duo, aged 47 and 51, were detained at the MACC’s headquarters in Putrajaya at 9am yesterday when they turned up to have their statement regarding the case recorded.

The third suspect – a 57-year-old director of the company that owns the hotel – was arrested at the Kuching MACC office at 1.30pm yesterday.

MACC Investigation Division director Datuk Simi Abd Ghani confirmed the arrests.

Preliminary investigation revealed that the director nabbed in Kuching had appointed the agent company to manage the hotel purchase.

The two agents have been remanded for seven days until Aug 4 to facilitate the probe. Anti-graft officers will apply for a remand order against the third suspect today.

On Friday, MACC raided six locations in Kuala Lumpur as well as in Kuching and confiscated documents relating to the hotel purchase.

The locations included the offices of:

  • legal firm Mohamed Ridza & Co
  • property valuer Raine & Horne International Zaki and Partners Sdn Bhd
  • international asset consultancy firm Henry Butcher Malaysia (Sarawak) Sdn Bhd
  • property developer Gegasan Abadi Properties Sdn Bhd

MACC chief commissioner Datuk Dzulkifli Ahmad had ordered an investigation to be conducted on the purchase of the Kuching hotel which was bought by FIC for RM160 million in 2014.

The hotel comprises 213 guest rooms and apartment suites.

It is believed that FIC paid between RM40 million and RM50 million more than the actual market value of the hotel, raising suspicion of corruption and abuse of power.

The latest probe is taking place on the back of the MACC’s investigations into FIC’s purchase of a hotel in London prior to this.


Related reports:

Jul 21, Two Arrested by NMACC over FIC’s London Hotel Purchase

Jul 20, More FIC-Related Arrests Possible

Jul 17, MACC Raiding FIC Office