MACC probes FIC’s hotel deal in Kuching

Simi-Abdul-Ghani-sprm-felda-fic-london-menara

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC), which investigated Felda Investment Corporation (FIC) for its purchase of a London hotel at an allegedly inflated price, is now scrutinising another hotel deal by the company in Kuching.

According to a source, MACC is probing the purchase of a four-star hotel in Kuching, Sarawak, believed to have been bought at a price much higher than the original value.

“The investigation of this hotel purchase is a follow-up on the investigation into the London hotel deal done by FIC between 2013 and 2015.

“Preliminary information received showed the (Kuching) hotel purchase resulted in FIC losing hundreds of millions of ringgit,” the source said.

The source said a MACC team was evaluating the information received and would soon visit FIC’s offices in various locations to obtain documents and information relating to the hotel purchase.

MACC investigations division director Simi Abdul Ghani, when contacted, confirmed that the probe process was underway.

He said MACC would check thoroughly for any element of corruption and abuse of power in the deal.