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MACC arrests Isa over questionable hotel deals
Published on: Wednesday, August 16, 2017
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Kuala Lumpur: The Malaysian Anti-Corruption Commission (MACC) has detained former Felda Chairman Tan Sri Isa Samad to assist in its investigation into Felda Investment Corporation's (FIC) questionable purchases of two luxury hotels.Isa was taken into custody Tuesday afternoon when he arrived at the MACC headquarters at Putrajaya to give further statements into the purchases made between 2014 and 2015.

MACC deputy commissioner of operations Datuk Azam Baki confirmed the arrest, saying it was based on statements related to the hotels purchases that were previously recorded by the investigating team.

"As such, MACC is confident it has a concrete basis to make the arrest to help complete the case investigation," he said in a statement.

FIC is a subsidiary of the oil palm giant that deals in non-farm business.

FIC is said to have purchased a hotel in Kensington, London for an inflated price of RM330mil, when the actual value is said to be RM110mil.

Its purchase of a hotel in Kuching for RM160mil is also said to be RM50mil more than its actual value.





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