Felda hotshots probed over London hotel deal
As published in Malay Mail today By Haresh Deol haresh@mmail.com.my PETALING JAYA - The Malaysian Anti-Corruption Commission (MACC) is expected to haul up more Felda Investment Corporation (FIC) officers following the arrest of a decision maker over the purchase of a multi-million ringgit boutique hotel in London. The high-ranking official was nabbed on Sunday and has been remanded until today. A middleman, in his 40s, allegedly linked to the deal, was arrested last week. His remand was extended by four days yesterday. FIC, the investment arm of Federal Land Development Authority (Felda) acquired the four-star Park City Hotel for £60million (RM330 million). It was renamed Grand Plaza Hotel on Dec 15 last year. Last May, Lavista Sdn Bhd and Pegang Impian Holdings Sdn Bhd, the major shareholders of Encorp Bhd, sold a 49.45 per cent stake in Encorp to FIC for RM239.72 million. MACC special operations director Datuk Bahri Mohammad Zin confirmed the arrests. Asked if MACC was probi...