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[SITUATION] · [QUIET] · [CRIME]

2 clusters · 4 sources · 5 days · First seen 11 days ago · Last updated 7 days ago

FELDA and FIC corruption investigation

Overview

The Malaysian Anti-Corruption Commission (MACC) has launched ‘Ops Fella’, a series of investigations into alleged corruption, abuse of power, and misappropriation of funds involving FELDA and FELDA Investment Corporation (FIC) between 2010 and 2020.

Initial reports indicated that the probe would involve phased arrests following investigations into high-profile asset acquisitions, including properties in Sarawak, Sabah, and London. Authorities have been examining claims that assets were purchased at prices significantly exceeding their market value.

As the investigation progressed, a former FELDA general manager and another individual were remanded for five days to assist with inquiries. This specific line of investigation focuses on the sale of FELDA land and the appointment of a developer for the Kuala Lumpur Vertical City (KLVC) project on Jalan Semarak, amid allegations that land may have been sold to a developer-linked company without the knowledge of the FELDA board of directors.

Entities

Malaysian Anti-Corruption Commission · FELDA · FELDA Investment Corporation · FELDA Investment Corporation Sdn Bhd · Kuala Lumpur Vertical City

Timeline

7 days ago

[CRIME] 2 sources
Former Felda GM remanded over land sale and project probe
A former Felda general manager has been remanded for five days as the MACC investigates alleged corruption and abuse of power regarding land sales and developer appointments.
11 days ago

[CRIME] 2 sources
FELDA and FIC corruption probe leads to upcoming MACC arrests
The Malaysian Anti-Corruption Commission will begin phased arrests next week regarding corruption and misappropriation investigations into FELDA and FIC investments made between 2010 and 2020.

Sources

barefootlax.com · edgeprop.my · freemalaysiatoday.com · malaysiadateline.com