More FIC-Related Arrests Possible

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The MACC is tracking down other key witnesses and not ruling out more arrests in relation to FIC’s purchase of a four-star hotel in London.

With the information gathered during the investigation into Felda Investment Corporation’s (FIC) purchase of a four-star hotel in London, the Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner (operations) Datuk Azam Baki said that more arrests in the near future are possible.

On Monday, the MACC raided the FIC offices at Jalan Gurney, Kuala Lumpur.

The raid came after fresh information was obtained by the MACC that showed the hotel was purchased at a much higher price, resulting in huge losses amounting to millions of ringgit.

FIC was said to have acquired the four-star hotel for a total of £60mil (RM330mil). Sources allege that they overpaid for the property by at least £20mil (RM110mil).

The property reportedly houses 62 units of guest rooms and two units of three-bedroom serviced apartments.

Then-Felda chairman Tan Sri Mohd Isa Abdul Samad opened the hotel in December 2014,

After the almost eight-hour raid, the MACC took away three boxes of documents believed to be related to the purchase of the hotel.

Fariz Iswadi Ismail/NST

On Tuesday, the commission began recording statements of witnesses, including FIC director Datuk Nik Azman Mohamed Zain. More individuals had their statements yesterday.

The MACC is tracking down several other key witnesses.

“The statements are important as to know whether there are elements of corruptions and swindling in the purchase of the hotel.

“The investigative team is tracking down the witnesses to gather more information relating to the purchase of the hotel and to assist in the probe,” a source told the New Straits Times.

Earlier reports:

Jul 17, MACC Raiding IFC Office

Jun 21, Isa Neither Denies Nor Admits to Any Wrongdoings

Jun 21, It’s Isa and Wife’s Turn After 60 Witnesses Gave Statements