Ex-FIC CEO to be charged tomorrow over KL Vertical City project
The KLVC investigation is one of seven investigation papers involving Felda and FIC.
The former CEO of Felda Investment Corporation Sdn Bhd (FIC) is set to be charged tomorrow in Kuala Lumpur sessions court, according to the Malaysian Anti-Corruption Commission (MACC). The investigation revolves around the Kuala Lumpur Vertical City (KLVC) project, which is alleged to have been marred by corruption, misappropriation, and abuse of power between 2010 and 2020.
The MACC has obtained consent to charge the CEO, who is scheduled to appear before judge Rosli Ahmad at 9am. He faces two charges under Section 417 of the Penal Code, which carries a potential five-year jail term, a fine, or both. The first charge pertains to cheating, while the second involves dishonestly inducing the delivery of property.
Another individual, a former general manager of Felda, is also facing charges. He will be tried for one charge under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing delivery of property. The charges are set to be registered in court on Wednesday.
The KLVC investigation is just one of seven investigation papers involving Felda and FIC. The other papers consist of six new cases and one reopened case, all centered around asset purchases and investments by the companies during the aforementioned period.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Ex-FIC CEO to be charged tomorrow over KL Vertical City project freemalaysiatoday.com
