Isa Samad CBT trial: FIC board unanimously agreed to buy hotel

  • 📰 staronline
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

KUALA LUMPUR: The purchase of Merdeka Palace Hotel and Suites in Kuching was agreed unanimously by Felda Investment Corporation Sdn Bhd's (FIC) board of directors, the High Court heard on Tuesday (Oct 15).

Would you agree if I conclude that the decision to purchase was agreed by the board unanimously?Wong, who is the 13th prosecution witness, also agreed that the proposal for the purchase was talked about by the board at length during the meeting.

On Dec 14,2018, Isa, 70, had 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. The offence under Section 409 of the Penal Code carries a jail term of between two and 20 years, whipping, and a possible fine upon conviction.

Isa was also charged with nine counts of dishonestly receiving gratification for himself in cash totalling RM3.09mil from Gegasan Abadi Properties director Ikhwan Zaidel for helping to approve the hotel’s purchase by FIC for RM160mil. The charges were made under Section 16a of the Malaysian Anti-Corruption Commission Act 2009, punishable under Section 24 of the same law, which provides a jail term of not exceeding 20 years and a fine of at least five times the bribe amount, or RM10,000, whichever is higher, upon conviction.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former secretaries of Felda unit testify in Isa Samad trial | The Malaysian InsightEx-Felda chairman has pleaded not guilty to one count of CBT, nine counts of receiving bribes totalling more than RM3 million.
Source: msianinsight - 🏆 8. / 63 Read more »

Isa Samad not listed as executive chairman in FICSBKUALA LUMPUR: Former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad was not an 'executive chairman' of the company's subsidiary Felda Investment Corporation Sdn Bhd (FICSB), the High Court heard.
Source: NST_Online - 🏆 17. / 53 Read more »

As board member, Isa had responsibility towards Felda Investment Corporation, court told | Malay MailKUALA LUMPUR, Oct 14 — The High Court here heard that all Board Members of Felda Investment Corporation Sdn Bhd (FICSB) should act in accordance with the Memorandum and Articles of Association (M&A) of the company. Former FICSB company secretary, Cheong Choon Yin, 48 said the board members...
Source: malaymail - 🏆 1. / 86 Read more »

Former secretaries of Felda unit testify in Isa Samad trial | The Malaysian InsightEx-Felda chairman has pleaded not guilty to one count of CBT, nine counts of receiving bribes totalling more than RM3 million.
Source: msianinsight - 🏆 8. / 63 Read more »

Semua ahli lembaga pengarah FICSB perlu ikut M&A, kata saksi | The Malaysian InsightBekas setiausaha FICSB berkata, Isa Samad bertanggungjawab ke atas syarikat berkenaan.
Source: msianinsight - 🏆 8. / 63 Read more »

As board member, Isa had responsibility towards Felda Investment Corporation, court told | Malay MailKUALA LUMPUR, Oct 14 — The High Court here heard that all Board Members of Felda Investment Corporation Sdn Bhd (FICSB) should act in accordance with the Memorandum and Articles of Association (M&A) of the company. Former FICSB company secretary, Cheong Choon Yin, 48 said the board members...
Source: malaymail - 🏆 1. / 86 Read more »