Felda Investment ex-CEO to face charges today over KLVC project misappropriation
KUALA LUMPUR, Sept 29 — A former chief executive officer (CEO) of Felda Investment Corporation Sdn Bhd (FIC), inve...
A former Felda Investment Corporation CEO faces charges today for alleged misappropriation of funds connected to the Kuala Lumpur Vertical City (KLVC) project, according to reports from the Malaysian Anti-Corruption Commission (MACC). The individual is set to appear in Kuala Lumpur Sessions Court at 9 am, with MACC chief commissioner Datuk Seri Abd Halim Aman confirming two charges under Section 417 of the Penal Code will be brought against him.
The charges pertain to the 2010-2020 period involving asset purchases and investments by Felda and FIC, suspected of corruption, misappropriation, and abuse of power. Additionally, a former Federal Land Development Authority general manager is expected to face one charge under Section 420 of the Penal Code, with the registration announced for September 30.
The KLVC investigation is one of seven cases involving Felda and FIC, with six new cases and one reopened one.
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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