Ex-FIC CEO claims trial over alleged deception of board in FELDA land deal
FORMER FELDA Investment Corporation (FIC) chief executive officer Mohd Zaid Abdul Jalil today claimed trial to two charges of allegedly deceiving the company’s board over the appointment of a project developer and the valuation of 24 FELDA-owned land...
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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- Former Felda Investment CEO charged with cheating board over RM500m Jalan Semarak land deal malaymail.com
- Ex-CEO of Felda investment arm charged over Jalan Semarak project freemalaysiatoday.com
- Ex-FIC CEO pleads not guilty to two charges over Felda land deal nst.com.my
- Felda investment arm ex-CEO charged with deceiving board of directors malaysiakini.com
