Hotel Bought At Rm160mil Valued At Just Rm80mil Three Years Later Says Witness At Isa Samad Trial


Former Felda chairman and FIC director Tan Sri Isa SamadKUALA LUMPUR: A 2017 reassessment of Merdeka Palace Hotel and Suites in Kuching, bought by Felda Investment Corporation Sdn Bhd (FIC) at RM160mil in 2014, valued the property at just RM80mil, the High Court heard on Tuesday (Oct 8).FIC chief financial officer Azlan Mohamed Ismail, 51, told the court that the board of directors of the Felda investment arm had appointed C H Williams Talhar Wong and Yeo Sdn Bhd to revalue the hotel in 2017.The move followed a report saying that the property was bought by FIC at an inflated price, he said.Azlan, the fourth witness at the trial of former Felda chairman and FIC director Tan Sri Isa Samad for criminal breach of trust and graft, said a tender exercise was later called for the sale of the hotel, and conducted by Saville Malaysia Sdn Bhd in 2018."There were two offers received – one at RM69mil and the other at RM85mil," the witness read from his statement.Azlan said the RM85mil offer was rescinded after due diligence was performed while the RM69mil offer was increased to RM77.5mil."Based on the reassessment by C H Williams Talhar Wong and Yeo made on the financial year ending Dec 31,2016, and based on the tender exercise by Saville made on the financial year ending Dec 31,2018, the (then) current value of Merdeka Palace Hotel and Suites was impaired (diturunkan) to RM77.5mil," he added.The court was told that the hotel's purchase had contributed to FIC's unrealised losses amounting to RM82.5mil, calculated by comparing the difference of the purchase price at RM160mil and the current value at RM77.5mil.The court later heard that the reassessment in 2017 was carried out after Tan Sri Shahrir Abdul Samad was appointed Felda chairman early that year, replacing Isa.Earlier, Isa's counsel Datuk Salehuddin Saidin raised an objection to Azlan reading his statement on the value of the hotel, arguing that this was irrelevant to the charges that his client was facing.Salehuddin's objection was, however, dismissed by High Court judge Justice Mohd Nazlan Mohd Ghazali.Deputy Public Prosecutor Afzainizam Abdul Aziz leads the prosecution.The trial continues before Justice Mohd Nazlan in the afternoon.On Dec 14,2018, Isa, 70, 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 RM3,090,000 from Ikhwan or helping to approve the hotel's purchase by FIC for RM160mil.The charges were made under Section 16a(A) of the Malaysian Anti-Corruption Commission (MACC) Act 2009, punishable under Section 24(1) 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. - Star

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/10/hotel-bought-at-rm160mil-valued-at-just.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Isa Samad Didn T Seek Approval From Felda Board For Hotel Purchase Witness

Isa Samad Didn T Seek Approval From Felda Board For Hotel Purchase Witness

papar berkaitan - pada 10/10/2019 - jumlah : 81 hits
The High Court here was told today that former Felda chairperson Mohd Isa Samad did not seek approval to purchase the RM160 million Merdeka Palace Hotel Suites in Kuching Sarawak at the Felda s board of directors meeting Former Felda direct...
Isa Samad S Rm3 Mil Corruption Trial Begins Monday

Isa Samad S Rm3 Mil Corruption Trial Begins Monday

papar berkaitan - pada 7/10/2019 - jumlah : 45 hits
Former Felda chairman Isa Abdul Samad KUALA LUMPUR The hearing of the RM3 million corruption and criminal breach of trust case involving former Felda chairman Isa Abdul Samad will begin tomorrow at the High Court here with the prosecution r...
Fic S Hotel Purchase Was Way Above Market Price Says Witness

Fic S Hotel Purchase Was Way Above Market Price Says Witness

papar berkaitan - pada 9/10/2019 - jumlah : 68 hits
KUALA LUMPUR The High Court in the corruption trial of former Felda chairman Isa Samad was told today that a hotel in Kuching was purchased at about 50 above market price Azlan Mohamed Ismail the acting chief financial officer at Felda Inve...
Isa Received Rm3mil From Hotel Sale

Isa Received Rm3mil From Hotel Sale

papar berkaitan - pada 8/10/2019 - jumlah : 59 hits
KUALA LUMPUR Tan Sri Isa Samad s criminal breach of trust and corruption trial opened with the prosecution saying that it will prove that the former Felda chairman had abused his position in the purchase of a hotel in Kuching at an inflated...
Bicara Kes Rasuah Pecah Amanah Tan Sri Isa Samad Perbicaraan Bermula Esok

Bicara Kes Rasuah Pecah Amanah Tan Sri Isa Samad Perbicaraan Bermula Esok

papar berkaitan - pada 7/10/2019 - jumlah : 106 hits
JOHORTIMES MY Please Subscribe to JohorTimes Youtube https www youtube com channel UCBGyB6bgPwLLTOahiWTGuFQ Facebook https www facebook com johortimes my Twitter https www twitter com JohorTimes Instagram https www instagram com JohorTimes ...
Rasuah Isa Samad Felda Salur Dana Rm653 Juta Kepada Ficsb

Rasuah Isa Samad Felda Salur Dana Rm653 Juta Kepada Ficsb

papar berkaitan - pada 8/10/2019 - jumlah : 112 hits
Mahkamah Tinggi di sini hari ini diberitahu bahawa Felda telah menyalurkan dana kepada anak syarikatnya iaitu Felda Investment Corporation Sdn Bhd berjumlah RM653 juta antaranya untuk tujuan pelaburan serta perniagaan Pengarah Unit Transfor...
Just Ban Pump Boats No Need For Study Says Pbs Ongkili

Just Ban Pump Boats No Need For Study Says Pbs Ongkili

papar berkaitan - pada 27/9/2019 - jumlah : 41 hits
PBS president Maximus Ongkili speaking to participants of a workshop in Sabah s northern Kudat district today KOTA KINABALU Parti Bersatu Sabah president Maximus Ongkili has urged the state government to forget about studying the need for p...
Najib 1mdb Trial Day 13 1mdb Subscribed Additional Us 1b Notes From Petrosaudi Witness

Najib 1mdb Trial Day 13 1mdb Subscribed Additional Us 1b Notes From Petrosaudi Witness

papar berkaitan - pada 27/9/2019 - jumlah : 42 hits
Summary of Najib s 1MDB donation caseNajib is facing 25 charges of receiving RM2 28 billion which originated from 1MDB through Tanore Finance Corp a company owned by Eric Tan a close associate of fugitive businessperson Jho Low KEY HIGHLIGH...
Rm160m Hotel Purchase Not According To Felda S Mandate Witness

Rm160m Hotel Purchase Not According To Felda S Mandate Witness

papar berkaitan - pada 8/10/2019 - jumlah : 66 hits
ISA SAMAD TRIAL The Kuala Lumpur High Court was told today that former Felda chairperson Mohd Isa Abdul Samad had surpassed a mandate in the purchase of a hotel for RM160 million in Kuching Sarawak The Merdeka Palace Hotel Suites was manage...
12 Lelaki Ditangkap Dan Disunat Secara Paksa Kerana Kejantanannya Dikeluhkan Isteri

Isteri Dan Anak Dikerat Lapan Oleh Suami Berpunca Dari Hadiah Harijadi

Ambil Kesempatan Terhadap Gadis Naik Konuter Kuala Lumpur

Tak Pernah Nangis Sebab Orang Letak Nasi Sikit Nak Makan Elfira Loy

Nak Tau Tak Apa Yang Nyamuk Benci Sangat Meh Baca Ni Sampai Habis

Satu Satunya Peluang Untuk Ds Anwar Jadi Pm

Minat Dinosour Atau Minat Mendalam Petanda Anak Anda Bijak

Air Asam Kerisik



Biodata Kumpulan One Nation Emcees Peserta Gegar Vaganza 6 GV6 2019

Resepi Pilihan Roti Sarang Paling Sedap

Resepi Pilihan Pau Paling Lembut dan Gebu

Resepi Cheese Stick Paling Gebu

Benarkah Burung Cenderawasih Langsung Tidak Jejak Tanah


19 10 2019 Family Day Kelas Pandai Di Pantai Pasir Lanun Endau Mersing

Trip Ke Hatyai 2h1m Aktiviti Makan Makan Di Hatyai

Durian Cheese Pizza Is The Bae In Pizza Hut Malaysia

Sumber Kalsium Untuk Ibu Hamil Cegah Osteoporosis Setelah Tua

Akhirnya Dapat Juga Beli Bantal Das Abdul Global

Bila Masa Yang Sesuai Untuk Saya Mohon Guru Cemerlang