PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) said it found no element of graft nor abuse of power in its probe into the transfer of title of a RM200 million plot of land belonging to Felda at Jalan Semarak in Kuala Lumpur.
MACC deputy chief commission (operation) Azam Baki said the agency has referred the case to the police for further action.
“We have also been informed that Felda has lodged a report on the matter to the police and investigations are ongoing,” he was quoted as saying by Berita Harian (BH) which first reported the case.
Azam said MACC’s investigation showed that it was a matter of weak management and breach of trust.
However, he added that MACC would be prepared to take further action if police investigation uncovered elements of corruption or abuse of power.
The Malay daily had, in an earlier report, said Felda risked losing ownership of the 16-hectare land after its title was transferred in a “dubious” transaction in 2015.
BH said a search at the Kuala Lumpur Federal Territory lands and mines department showed the land, where the old Felda headquarters Anjung Felda and Wisma Felda are located, had been transferred on July 21, 2016 to a company related to the developer appointed to develop the land.
So far, Felda has not made any announcement on the transfer of title or any transaction to take over the land by the developer, the report said.
Quoting sources, BH said the land title transfer occurred after Felda Investment Corporation (FIC) appointed a local company as the main developer on June 3, 2014 and awarded it full power of attorney to develop the land.
Felda was headed by Isa Samad as chairman until last January. He had also held the post of FIC chairman since the company’s formation on July 2, 2013.
The land is being developed for the Kuala Lumpur Vertical City (KLVC) project, which will have seven towers.