KUALA LUMPUR: There is no wrongdoing in the case of Felda Investment Corpâ€™s (FIC) purchases of two high-end properties in London, Parliament was told.
Minister in the Prime Ministerâ€™s Department Datuk Paul Low said no offences were discovered under the Malaysian Anti-Corruption Commission (MACC) Act 2009 from early investigations.
â€œIf any party has additional information or evidence on the issue, it can be forwarded to the MACC for further action,â€ he said in a written reply to Loke Siew Fook (DAP â€“ Seremban).
Loke had asked the minister reveal the status of the MACCâ€™s investigation into the two purchases made by FIC.
It was reported that the FIC, the investment arm of Federal Land Development Authority (Felda), had acquired a 4-star hotel in the upmarket Kensington area in London for Â£60mil (RM330mil).
Called Park City Hotel, with 62 guest rooms and two units of three-bedroom serviced apartments, it was renamed to Grand Plaza Hotel.
FIC also bought the Grand Plaza Serviced Apartments in Bayswater, London for Â£98mil (RM538mil). FIC was established in 2013, with a focus on real estate, hospitality and oil and gas sectors.