Owner of London hotel bought by Felda 'removed from list of BVI-registered firms'

Asila Jalil

Rafizi Ramli says Felda has no choice but to trace and disclose the owner of FIC London Hotel (Pte) Ltd if it were to have any chance of recovering ownership of Grand Plaza Kensington Hotel in London. – The Malaysian Insight pic by Kamal Ariffin, October 19, 2017.

THE owner of a London property bought by the Federal Land Development Authority (Felda) has been removed from the list of companies registered in the British Virgin Islands (BVI), said PKR vice-president Rafizi Ramli.

He said his research revealed that FIC London Hotel (Pte) Ltd, the official owner of Grand Plaza Kensington Hotel, had been struck off the list on May 3 last year due to the non-payment of annual fees.

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  • First, these supposedly Felda owned properties in London were found to be not owned by companies registered in London as claimed by Felda’s latest audited financial statements. But, instead, these companies were found to be registered in British Virgin Islands (based on land title search), whose ownership remains a mystery.
    Now, the latest, Rafizi has found out that one of the BVI-registered owners, FIC London Hotel Pte Ltd, which owns the Grand Plaza Kensington Hotel, was actually struck off from BVI’s registry of companies in May 2016, per its government gazette dated 19th May 2016.
    So, what happens to the ownership of these London properties now? Still with the de-registered BVI companies, whose owners have never been revealed? Or some other new owners?
    Surely the chairman of Felda, Sharir, and PM Najib can’t continue to keep their golden silence when such massive assets of Felda seem to be hanging in the air?

    Posted 4 years ago by Kim quek