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MACC confiscates documents on FIC hotel purchase in Kuching

The MACC officers who were in action today.

The MACC officers who were in action today.

Syndicated News
Written by Syndicated News

KUALA LUMPUR — July 28, 2017: The Malaysian Anti-Corruption Commission (MACC) today confiscated documents relating to the purchase of a hotel in Kuching by  Felda Investment Corporation (FIC).

A team today raided six locations here as well as in Kuching to gather information on the purchase in 2014. A statement said that the agency will be calling several key witnesses to record their statements.

One of the offices raided in KL was believed to have been a well-known international accounting firm.

The investigation papers on the transaction were opened following information obtained by the team while it was investigating the purchase of a hotel in London by the FIC.

Just like the London transaction, the hotel in Kuching is suspected to have been bought at higher than the market price. — Bernama

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