FIC: MACC detains Isa Samad
He was detained after giving his statement at the MACC office in Putrajaya at about 2.40pm today.
The Malaysian Anti Corruption Commission (MACC) today detained former Felda Global Ventures chairman Tan Sri Mohd Isa Samad to assist in the probe into the purchase of two hotels by Felda Investment Corp Sdn Bhd (FIC).
He was detained after giving his statement at the MACC office in Putrajaya at about 2.40pm today.
The MACC has opened an investigation paper on the purchase of the hotel believed to be purchased at a much higher price than the original price, causing the FELDA subsidiary to lose millions of ringgit.
The FIC reported buying the four-star hotel in London at STG60 million (RM330 million) on Dec 16, 2014.
On Aug 4, the MACC arrested a lawyer and a female assistant who was involved in managing the documentation of the sale and purchase agreement between the original owner and a third company before it was sold to FIC.
Must-Watch Video
Stay updated with our news