{
  "id": 10587534,
  "title": "Former Felda Investment CEO charged with cheating board over RM500m Jalan Semarak land deal",
  "url": "https://urgent.news/2026/09/29/former-felda-investment-ceo-charged-with-cheating-board-over-rm500m-10587534",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T02:09:33.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/malaysia/2026/09/29/former-felda-investment-ceo-charged-with-cheating-board-over-rm500m-jalan-semarak-land-deal/236946"
  },
  "original_language": "en",
  "account": null,
  "summary": "Former Felda Investment CEO Zaid Abdul Jalil has been charged with deceiving the company's board over a RM500 million land deal in 2014. Zaid is accused of misleading the board into believing that Synergy Promenade Sdn Bhd was qualified to be the project's master developer, despite knowing that the company was only eligible to serve as the master planner. He also allegedly misrepresented the commercial valuation of 24 lots of Felda land, inducing the board to accept an offer featuring a proposed minimum guaranteed return of RM500 million. Zaid pleaded not guilty to both charges and was granted bail at RM60,000 with one surety. The case will be heard again on October 29.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Felda Investment ex-CEO to face charges today over KLVC project misappropriation",
        "url": "https://urgent.news/2026/09/29/felda-investment-ex-ceo-to-face-charges-today-over-klvc-project",
        "published": "2026-09-29T01:12:36.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Ex-CEO of Felda investment arm charged over Jalan Semarak project",
        "url": "https://urgent.news/2026/09/29/ex-ceo-of-felda-investment-arm-charged-over-jalan-semarak-project",
        "published": "2026-09-29T01:33:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Ex-FIC CEO pleads not guilty to two charges over Felda land deal",
        "url": "https://urgent.news/2026/09/29/ex-fic-ceo-pleads-not-guilty-to-two-charges-over-felda-land-deal",
        "published": "2026-09-29T01:42:16.000Z"
      },
      {
        "outlet": "The Vibes",
        "title": "Ex-FIC CEO claims trial over alleged deception of board in FELDA land deal",
        "url": "https://urgent.news/2026/09/29/ex-fic-ceo-claims-trial-over-alleged-deception-of-board-in-felda-land",
        "published": "2026-09-29T03:04:00.000Z"
      },
      {
        "outlet": "Malaysiakini",
        "title": "Felda investment arm ex-CEO charged with deceiving board of directors",
        "url": "https://urgent.news/2026/09/29/felda-investment-arm-ex-ceo-charged-with-deceiving-board-of-directors",
        "published": "2026-09-29T03:42:48.000Z"
      }
    ]
  },
  "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."
}