Felda Investment Corp ex-CEO remanded four days

 |Aug 1, 2017
FIC’s hotel in the Kensington area. – YouTube pic

PUTRAJAYA: Former Felda Investment Corp (FIC) CEO Zaid Abdul Jalil has been remanded to assist in investigations into the company’s purchase of a luxury hotel in London.

Magistrate Nik Isfahanie Tasnim Wan Ab Rahman allowed for Zaid to be remanded for four days beginning today.

According to The Star Online, Zaid arrived at the courts complex at 9.20am and was brought in in a wheelchair.

He was arrested at the Malaysian Anti-Corruption Commission headquarters yesterday after he was questioned for almost 12 hours.

FIC is Felda’s investment arm.

Last week, two former key officials of a valuation firm were arrested in connection with the London property probe.

This was after leads were obtained during the ongoing probe into FIC’s acquisition of the hotel in the Kensington area.

The London hotel, which has 62 units of guest rooms and two units of three-bedroom serviced apartments, was also said to have been overpaid by at least £20 million (RM112 million).