Felda: Will Isa Samad be charged for the purchase of the Merdeka Palace Hotel in Kuching? Yes. And over the Grand Plaza Kensington Hotel in London, too…

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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14 December 2018

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KUALA LUMPUR, Dec 14 — Former Felda chairman Tan Sri Mohd Isa Abdul Samad claimed trial today to one charge of criminal breach of trust (CBT) and nine charges with receiving RM3.09 million in bribes over the purchase of a hotel in Sarawak.

Mohd Isa was charged under Section 409 of the Penal Code for CBT for allegedly approving the purchase of the Merdeka Palace Hotel and Suites Kuching worth RM160 million without the approval of Felda board members and going against a board meeting on June 25, 2013, as the chairman of Felda Investment Corporation Berhad (FIC) is only mandated to make investment decisions on projects below RM100 million.

He was also charged under Section 16(a)(A) of the MACC Act 2009 for corruptly soliciting, receiving or agreeing to receive any gratification as an inducement or reward over the purchase of the hotel.
On the nine counts of accepting bribes, Mohd Isa was accused of receiving RM100,000, RM140,000 and RM250,000 on three occassions, two separate deposits of RM300,000 each, and four instances with RM500,000 each.

The former Negri Sembilan mentri besar who stood in the dock before Sessions Court judge Azura Alwi nodded in acknowledgement when the charges were read out to him.

He pleaded not guilty to all charges.

He was accused of committing the offences during his tenure as FIC chairman between April 2014 and December 2015 at Menara Felda, Platinum Park, Persiaran KLCC, Kuala Lumpur.

Mohd Isa’s former special officer and current political secretary to Prime Minister Tun Dr Mahathir Mohamad, Muhammad Zahid Mohd Arip, was also implicated as the middleman for the cash transfer between Ikhwan Zaidel, a board member at Syarikat Gegasan Abadi Properties Sdn Bhd, in nine of the bribery charges.

https://www.malaymail.com/s/1703031/ex-felda-chief-isa-samad-charged-with-cbt-over-sarawak-hotel-buy#.XBMuvL4BpPk.twitter

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13 December 2018

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PETALING JAYA: Former Felda chairman Isa Samad is expected to be charged tomorrow, believed to be over the purchase of hotels by Felda Investment Corporation (FIC), the investment arm of the national land agency.

Isa’s lawyer, K Kumaraendran, told FMT this after the former Negeri Sembilan menteri besar was questioned by the Malaysian Anti-Corruption Commission (MACC) for about 20 minutes today.

Isa arrived at the MACC headquarters in Putrajaya at 11am.

“He gave an undertaking to appear in court tomorrow.He was not remanded,” Kumaraendran said when contacted.

Isa was arrested by the MACC in August last year in connection with the purchase of hotels between 2014 and 2015, one in London and another in Sarawak.

The London hotel is likely the four-star Grand Plaza Kensington Hotel which FIC acquired on Dec 16, 2014.

The hotel has 62 rooms and is located at Lexham Gardens in the exclusive district of Kensington and Chelsea.

Preliminary investigations by MACC revealed that FIC was believed to have bought the hotel at a much higher price than the market price, resulting in FIC allegedly losing millions of ringgit.

The four-star hotel in Kuching is also believed to have been bought at a price much higher than the original value.

https://www.freemalaysiatoday.com/category/nation/2018/12/13/isa-samad-to-be-charged-tomorrow/

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? Yes. And over the Grand Plaza Kensington Hotel in London, too…

  1. Doris Looi says:

    M boleh

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