{
  "id": 10478618,
  "title": "Ex-FIC CEO to be charged tomorrow over KL Vertical City project",
  "url": "https://urgent.news/2026/09/28/ex-fic-ceo-to-be-charged-tomorrow-over-kl-vertical-city-project-10478618",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T14:52:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/nation/2026/09/28/ex-fic-ceo-to-be-charged-tomorrow-over-kl-vertical-city-project"
  },
  "original_language": "en",
  "account": "The Malaysian Anti-Corruption Commission (MACC) has obtained the necessary consent to charge a former CEO of Felda Investment Corporation Sdn Bhd (FIC) with alleged misappropriation linked to the Kuala Lumpur Vertical City (KLVC) project. The man is set to appear before judge Rosli Ahmad at 9am the following day in Kuala Lumpur sessions court. According to the MACC, the man faces two charges under Section 417 of the Penal Code, which includes a cheating charge that can result in a five-year jail term and/or a fine. Additionally, a former general manager of Felda is also expected to face one charge under Section 420 of the Penal Code, which pertains to cheating and dishonestly inducing the delivery of property. The KLVC investigation, one of seven involving Felda and FIC, consists of six new cases and one reopened case, all centered around asset purchases and investments between 2010 and 2020 that are suspected of involving corruption, misappropriation, and abuse of power.",
  "summary": "The KLVC investigation is one of seven investigation papers involving Felda and FIC.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ex-FIC CEO to be charged tomorrow over KL Vertical City project",
        "url": "https://urgent.news/2026/09/28/ex-fic-ceo-to-be-charged-tomorrow-over-kl-vertical-city-project",
        "published": "2026-09-28T14:52:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}