Ex-CEO of Felda investment arm charged over Jalan Semarak project
Zaid Abdul Jalil claims trial to two charges of deceiving FIC’s board of directors over the 2014 project’s master developer appointment and evaluation.
Former Felda Investment Corporation Sdn Bhd CEO is set to be charged at Kuala Lumpur Sessions Court today in connection with alleged misappropriation involving the Kuala Lumpur Vertical City (KLVC) project. The Malaysian Anti-Corruption Commission (MACC) has obtained consent to file charges against the individual, who will appear before Judge Rosli Ahmad at 9 am.
The MACC has confirmed the charges will include two counts under Section 417 of the Penal Code. Additionally, a former Felda general manager will face a single charge under Section 420 of the Penal Code. The KLVC investigation is one of seven cases involving Felda and FIC, with six new cases and one reopened case. These investigations, spanning from 2010 to 2020, allege corruption, misappropriation, and abuse of power.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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