MACC holds Isa Samad in remand

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has secured a court order to detain Tan Sri Isa Samad for the investigation into alleged abuse at a Felda unit.

According to The Star Online, the magistrate’s court in Putrajaya allowed the MACC to hold the former minister five days for its investigations into the purchase of a London hotel by Felda Investment Corp.




The MACC arrested Isa yesterday and raided his home in Selangor.

FIC purchased the Park City Hotel in Kensington, London for £98 million (RM543 million) in 2014.

MACC chief commissioner Datuk Dzulkifli Ahmad previously said his agency determined that FIC’s purchase was above market price, causing millions of ringgit in losses to the investment arm of government agency Felda.

The MACC has made several arrests in the case, including the chief executive of FIC.

The investigation was triggered by a boardroom tussle involving Isa and the currently suspended CEO of Felda Global Ventures (FGV), Datuk Zakaria Arshad.

Source: The Malay Mail Online

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