FIC chief financial officer Azlan Mohamed Ismail, 51, told the court that the board of directors of the Felda investment arm had appointed C H Williams Talhar Wong and Yeo Sdn Bhd to revalue the hotel in 2017.Azlan, the fourth witness at the trial of former Felda chairman and FIC director Tan Sri Isa Samad for criminal breach of trust and graft, said a tender exercise was later called for the sale of the hotel, and conducted by Saville Malaysia Sdn Bhd in 2018.
Azlan said the RM85mil offer was rescinded after due diligence was performed while the RM69mil offer was increased to RM77.5mil. The court was told that the hotel's purchase had contributed to FIC's unrealised losses amounting to RM82.5mil, calculated by comparing the difference of the purchase price at RM160mil and the current value at RM77.5mil.
Earlier, Isa's counsel Datuk Salehuddin Saidin raised an objection to Azlan reading his statement on the value of the hotel, arguing that this was irrelevant to the charges that his client was facing.Deputy Public Prosecutor Afzainizam Abdul Aziz leads the prosecution.On Dec 14,2018, Isa, 70, claimed trial to one count of criminal breach of trust by approving the purchase of the hotel without the approval of the Felda board of directors on April 29,2014.
syahredzan AnnuarMusa abdulhadiawang chedetofficial AzminAli
syahredzan Smells of “Maruah” at work..
Magic hand by last regime
Fishy
How deceitful! Must have pocketed millions easily
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