FIC purchase of four-star hotel: 2 remanded for 6 days

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PUTRAJAYA: Two senior management staff of two companies have been remanded for six days from today to facilitate investigations into the purchase of a four-star hotel in Kensington, London, by Felda Investment Corporation (FIC).

Magistrate Nik Isfahanie Tasnim Wan Ab Rahman allowed both men to be remanded after hearing an application from the Malaysian Anti-Corruption Commission (MACC).

The two men, aged 36 and 45, the property unit head of a postal service company and director of an asset consulting company respectively are suspected of being involved in the price and property valuation of the hotel concerned.

They were arrested at the MACC office here at about 1pm yesterday after they gave statements on the purchase of the property between 2013 and 2015.

Earlier both men, who wore orange lock-up attire, arrived at the court compound at 9.40am accompanied by MACC officers.