Felda Will Do Whatever It Takes To Get Back Jalan Semarak Land
88 views · Published 22 December 2017 · 2:16 · Indexed 25 October 2026
Channel: 7Edition · 2017 · News & Politics
The Federal Land Development Authority (Felda) on Thursday declared that they would do whatever it takes to get back their land at Jalan Semarak, whose ownership has been transferred to a private company in what was described as a ‘dubious deal’. Felda Chairman Tan Sri Shahrir Abdul Samad said the sales and purchase agreement involving the four parcels of land were discovered in January this year when he took over from former chairman Tan Sri Isa Samad, who was Felda chairman and Felda Investment Corporation (FIC) chairman. Speaking in a media bfiefing at Menara Felda on Thursday, Tan Sri Shahrir said the land parcels are estimated to be worth RM270 million. The ownership of the land was reportedly transferred to Synergy Promenade Sdn Bhd in 2015. Tan Sri Shahrir said upon discovering the deal, Felda immediately placed private caveats on the land involved. Tan Sri Shahrir also confirmed that felda received nothing from four purported transactions, from related sales and purchase agreements for the land. He said internal investigations will be carried out by a third party, which will be appointed by the Prime Minister's Department. Investigations, he said, will commence early next month. He added Felda has also lodged a police report over possibilities of fraud allegedly involving the master developer, of the project being built on the land. He said the report against the company was just one of the options being pursued, in order to reclaim ownership of the land. (Soundbite of Tan Sri Shahrir Abdul Samad / Felda Chairman Subtitle: The most important thing for us is that we must reclaim ownership of the land. Even though a master developer has been appointed for the project, our interpretation is that the ownership must remain with us.) (Soundbite of Tan Sri Shahrir Abdul Samad / Felda Chairman Subtitle: It sounded like a multi-million ringgit deal, but Felda did not even get a single sen.)
More from this channel
-
1:11
RM356k Worth Of Drugs Seized At Sabah Post Office
-
2:19
PM Proposes At Least 30% Women Senators
-
1:24
Wanita To Focus On Empowering Women
-
1:07
Cops May Set Up Fru In East M'sia
-
0:37
Bus Collides Into 2 Lorries In NSE, 14 Injured
-
2:44
OIC Must Object Move To Make Jerusalem Israel's Capital
-
1:39
Jelebu MP Zainudin Ismail Dies At 58
-
1:15
Sabah Approves Foreign Investments Of Over RM400 Mln In H1 2017