MACC arrests former FIC CEO over London hotel purchase

KUALA LUMPUR (Aug1): The Malaysian Anti-Corruption Commission (MACC) yesterday arrested the former chief executive officer of Felda Investment Corp (FIC) to assist in the probe into the purchase of a hotel in Kensington, London, Bernama reported.

MACC investigation director Datuk Simi Abd Ghani confirmed the arrest and said the suspect is expected to be remanded at Putrajaya magistrate's court today.

The man arrived at the MACC headquarters yesterday morning to give his statement in connection with the investigations, Bernama reported.

The hotel was allegedly purchased at a higher price which saw the investment arm of Felda losing millions of ringgit.

Two senior management personnel from two firms were arrested last week by the anti-graft body to assist investigations into the purchase of the London hotel.