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


PETALING JAYA: Four senior officers of Felda Investment Corporation (FIC) had their statements recorded at the Malaysian Anti-Corruption Commission’s (MACC) headquarters today on the FIC purchase of a RM330 million hotel in Kensington, London.

Those who testified were the FIC director and the head of the legal and secretaries division. Their statements were recorded beginning from 10am.

Two others finished giving their statements at 7pm. They were the strategic planning division assistant manager and a manager from the executive director’s office.

It is learnt that MACC will examine all statements of the senior FIC officials before taking further action on the matter.

MACC had previously said that some individuals will be called to assist in the investigation of the RM330 million hotel purchase in Kensington in 2014.

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 hotel that MACC referred to is likely the four-star Grand Plaza Kensington Hotel, which was purchased by FIC in December 2014 for £60 million (RM330 million).

It has 62 rooms and is located at Lexham Gardens within the exclusive district of Kensington and Chelsea.