Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

ROS LBoard 1

Deloitte: No raid on our office, just request for assistance

 | July 28, 2017

Deloitte says it is not under investigation with respect to MACC’s probe on Felda Investment Corporation’s London hotel purchase or any other matters.


PETALING JAYA: Deloitte Malaysia says its office at Menara LGB in Taman Tun Dr Ismail was not raided during a visit by the Malaysian Anti-Corruption Commission (MACC), reportedly as part of investigations on Felda Investment Corporation’s (FIC) purchase of an overseas property, today.

“The MACC officers requested our assistance in providing information relating to their investigation, and we are cooperating fully with them at this time to provide all required support and information to assist the investigation,” said its country managing partner Tan Theng Hooi.

“As a responsible organisation, we will cooperate with the MACC and all other authorities in accordance with the provisions of the law,” he said in a statement.

He said contrary to media reports, the company’s office was not raided and Deloitte Malaysia is not under investigation with respect to the probe on FIC’s London hotel purchase or any other matters.

The MACC had earlier opened an investigation paper on the FIC’s purchase of a hotel in Kensington, London, between 2013 and 2015, allegedly at a much higher price than the original, causing the Felda subsidiary to suffer millions of ringgit in losses.

FIC reportedly acquired the four-star hotel for £60 million (RM330 million) on Dec 16, 2014.

MACC nabs 2 over Felda’s London hotel purchase

Purchase of RM330 million hotel: MACC questions 4 senior FIC officers

MACC probes FIC’s hotel deal in Kuching


Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.