Felda: Will Isa Samad be charged for the purchase of the Merdeka Palace Hotel in Kuching?

In 2014, Felda Investment Corporation bought the 213-room Merdeka Palace Hotel for RM160 million when it was valued at only RM110 million.

https://www.malaymail.com/s/1691941/report-macc-going-after-isa-samad-over-felda-hotel-buy?utm_source=Twitter&utm_medium=twitter

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10 November 2018

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PETALING JAYA: Former Umno leader Isa Samad is expected to be charged with abuse of power related to an overpriced purchase of a Sarawak hotel when he was chairman of national land agency Felda.

The Straits Times cited sources as saying that the Malaysian Anti-Corruption Commission (MACC) is expected to recommend charges against Isa after completing its probe into Felda’s 2014 purchase of the Merdeka Palace hotel in Kuching, Sarawak.

“The MACC will be submitting the completed investigation papers and its recommendations to the Attorney-General’s Chambers next week. It will then wait for the AGC’s order for the next course of action,” a source told the Singapore daily.

https://www.freemalaysiatoday.com/category/nation/2018/11/10/isa-samad-to-be-charged-with-abuse-of-power-say-sources/

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KUALA LUMPUR — The Malaysian Anti-Corruption Commission (MACC) is preparing charges of power abuse against Felda ex-chairman Tan Sri Isa Samad in relation to the inflated purchase price of a hotel in Kuching, Sarawak.

The Straits Times cited sources as saying the commission has concluded its probe into Felda’s 2014 acquisition of the Merdeka Palace Hotel and will recommend charges to the Attorney General’s Chambers (AGC) next week.

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KUALA LUMPUR, Nov 10 — The Malaysian Anti-Corruption Commission (MACC) is preparing charges of power abuse against Felda ex-chairman Tan Sri Isa Samad in relation to the inflated purchase price of a hotel in Kuching, Sarawak.

The Straits Times cited sources as saying the commission has concluded its probe into Felda’s 2014 acquisition of the Merdeka Palace Hotel and will recommend charges to the Attorney General’s Chambers (AGC) next week.

“There was insufficient evidence (to charge him) due to limited access before but investigators picked up where they left off when new proof emerged.

“The MACC will be submitting the completed investigation papers and its recommendations to the Attorney General’s Chambers next week. It will then wait for the AGC’s order for the next course of action,” an unnamed source told the Singapore daily.

It also reported that the commission is considering charges under Section 23 of the MACC Act that covers the abuse of one’s office for personal gratification, with Attorney General (AG) Tommy Thomas briefed on the case around three days ago.

https://www.malaymail.com/s/1691941/report-macc-going-after-isa-samad-over-felda-hotel-buy?utm_source=Twitter&utm_medium=twitter

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One Response to Felda: Will Isa Samad be charged for the purchase of the Merdeka Palace Hotel in Kuching?

  1. Doris Looi says:

    M boleh

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