KUALA LUMPUR (July 27): The Malaysian Anti-Corruption Commission (MACC) is probing another hotel purchase by Felda Investment Corp (FIC).

The MACC said in a statement the four-star hotel located in Kuching, Sarawak, is believed to have been bought at a price significantly higher than its actual market price, malaysiakini reported today.

According to a source, the probe into the Sarawak hotel's purchase began as the ant-graft body was investigating FIC's purchase of a four-star hotel in Kensington, London, between 2013 and 2015, reported the news portal.

"Initial information received by the investigation team revealed that the purchase of the hotel in Kuching has caused FIC hundreds of millions of ringgit in losses.

"The investigators are now putting together the information received and are expected to visit the FIC's office in several locations to gather documents and other evidence, soon," said the source to malaysiakini.

MACC director of investigations Datuk Simi Abdul Ghani confirmed that his anti-graft officers were investigating the Kuching hotel purchase, The Star daily reported.

Last week, the MACC arrested two real estate executives over the FIC's London hotel deal.

The hotel was purchased at a higher price which saw the FIC losing millions of ringgit.

The two men allegedly manipulated the price of the hotel.

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