Ex-FIC CEO to be charged tomorrow over KL Vertical City project

 The KLVC investigation is one of seven investigation papers involving Felda and FIC.

The Malaysian Anti-Corruption Commission said it had obtained consent to charge the former CEO tomorrow.

KUALA LUMPUR:

A former CEO of Felda Investment Corporation Sdn Bhd (FIC) investigated for alleged misappropriation involving the Kuala Lumpur Vertical City (KLVC) project is scheduled to be charged at the Kuala Lumpur sessions court tomorrow.

A search of the court system showed that the man is scheduled to appear before judge Rosli Ahmad at 9am to face the charges.

The Malaysian Anti-Corruption Commission said in a media invitation it had obtained consent to charge the former CEO tomorrow.

On Sept 25, MACC chief commissioner Abd Halim Aman said the man would face two charges under Section 417 of the Penal Code (a cheating charge that carries a five-year jail term, a fine, or both).

According to Halim, another person, a former general manager of Felda, would face one charge under Section 420 of the Penal Code (that deals with cheating and dishonestly inducing delivery of property).

The charge is scheduled to be registered in court on Wednesday.

The KLVC investigation is one of seven investigation papers involving Felda and FIC. It consists of six new cases and one reopened case.

The investigations concern asset purchases and investments by Felda and FIC between 2010 and 2020, suspected to involve corruption, misappropriation, and abuse of power. - fmt