The High Court here heard that all board members of Felda Investment Corporation Sdn Bhd agreed with the proposal by the company’s management not to proceed with the purchase of Merdeka Palace Hotel and Suites in Kuching, worth RM160 million.
“The matter was based on the presentation of the latest status of the hotel purchase proposal by former FICSB chief executive officer Mohd Zaid Abdul Jalil at the eighth FICSB board meeting on Feb 26, 2014. The 14th prosecution witness said when reading a witness statement on the fifth day of Mohd Isa’s trial for criminal breach of trust and corruption involving more than RM3 million in the purchase of the MPHS before judge Mohd Nazlan Mohd Ghazali
Wong also agreed with Salehuddin’s suggestion that no objection raised by the board members when the proposal was tabled by the FICSB CEO then.
i don't get it. why didnt the board members object at the board meeting in 2013 ?
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