Three firms over FIC purchase of hotel in Kuching

Three firms over FIC purchase of hotel in Kuching
MACC officers entering one of the offices in Kuching on Friday
PHOTO: The Star/ Asia News Network

KUCHING - Malaysian Anti-Corruption Commission (MACC) officers visited three firms here as part of investigations into the purchase of a hotel in the city centre by Felda Investment Corporation Sdn Bhd (FIC).

Several officers were seen entering the office of Raine & Horne International Zaki and Partners Sdn Bhd in Jalan Tun Ahmad Zaidi Adruce around 10am Friday.

Officers were also at the office of international asset consultancy firm Henry Butcher Malaysia (Sarawak) Sdn Bhd in Padungan and the office of property developer GAP Kuching in Jalan Merdeka near Gita.

MACC deputy chief commissioner (operations) Datuk Azam Baki, when contacted, confirmed that anti-graft officers visited the three offices to gather documents and evidence and to interview staff relating to the hotel purchase.

The four-star hotel, comprising 213 units of guest rooms and apartment suites, is strategically located in the city.

The investigations followed the probe carried out by MACC on a high-end hotel purchase in Kensington, London.

The hotel, comprising 62 guest rooms and two three-bedroom serviced apartments, was reportedly overpaid by at least £20 million (S$31.8 million).

Two people have been detained to assist with investigations into the London hotel purchase and several top ranking Felda officers have given their statements to the MACC.

It is learnt that the investigations would look into elements of corruption and abuse of power, resulting in FIC paying a higher price than the actual market value.

 

More about

Corruption Hotels
Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.