Felda gets back ownership of Jalan Semarak land

Asila Jalil

elda chairman Shahrir Abdul Samad holds up the documents pertaining to the title transfer of land in Jalan Semarak, at a press conference at Menara Felda in Jalan Tun Abdul Razak, Kuala Lumpur, today. – The Malaysian Insight pic by Hasnoor Hussain, January 15, 2018.

FELDA chairman Shahrir Samad today confirmed that the agency has gotten back ownership of several plots of land on Jalan Semarak, which had been transferred to a private company under suspicious circumstances.

At a press conference at Menara Felda today, Shahrir said Synergy Promenade Sdn Bhd (SPSB) had returned the lands to Felda through a mutual agreement signed between the two companies earlier today.

“After all the efforts by Felda, today, on January 15, 2018, the developer SPSB had voluntarily agreed to return the ownership for all 16 lots of lands to Felda without any costs and (SPSB) had also given all the documents regarding to the ownership of the land to be registered again under Felda’s name,” he said.

Shahrir then showed some slides of the grants that were signed by SPSB as evidence that the transfer did take place.

Last month, pro-government newspaper Berita Harian revealed that the ownership of the 66,000sq m Felda land was believed to have been transferred via a dubious transaction in 2015, which even Felda board members claimed to not have any knowledge of.

According to the report, Felda did not receive any money from the transfer of the land, which is estimated to be worth RM270 million.

The ownership transfer involved seven developments, including the iconic Felda tower being developed by Kuala Lumpur Vertical City (KLVC).

Felda is due to get back its plot of land valued about RM270 million on Jalan Semarak after the developer transferred ownership of the property back to Felda. – The Malaysian Insight file pic, January 15, 2018.

Shahrir said he would not, however, take back the police reports filed on December 12 and 28, under Section 420 and Section 471 of the Penal Code (Act 574).

“The ongoing forensics audit will also proceed to identify if any wrongdoing had occurred in the transaction.

“Although the issue of the land transfer was made known to the public on December 21 last year, the truth is that Felda had taken the necessary actions in January last year to get back the land which had been transferred,” he said adding that Felda will give its full cooperation to the authorities investigating the case.

On the KLVC project which is underway on the land, Shahrir said the development would proceed under terms to be renegotiated by Felda and its subsidiary SPSB.

“The project is in danger of being discontinued, not due to our doing but because of the land transfer.

“We have no intention of stopping the project. The issue here is why  ownership of the land had needed to be transferred.

He said under the agreement, Felda would get a minimum guaranteed return of RM500 million or 10% of the project’s gross development value, whichever is higher.

On January 5, former Felda chairman Isa Samad gave his statement to the police investigating the land transfer deal.

A forensic audit into the KLVC project started on January 8 and is expected to wrap up ahead of the 30-day deadline.

Felda chairman Shahrir Abdul Samad said all the necessary documents had been handed over to the external audit firm appointed by the Prime Minister’s Department. – January 15, 2018.

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    Posted 6 years ago by Mohanarajan murugeson · Reply

  • As predicted, they return land, auditor says management was weak, no wrong doing and everyone get off free. Najib will be sensationalise as hero. BUT what about money spend on the development? Who has been paying? It's EVEEN more fishy.

    Posted 6 years ago by Bigjoe Lam · Reply

  • So easy-ah? No criminal charges filed against the culprits? Must be some UMNO VIPs!

    Posted 6 years ago by Malaysian First · Reply

  • Now CHECK ..... on why FELDA insisted on buying plantation land from Eagle High and at such an exorbitant price too!

    Posted 6 years ago by Malaysian First · Reply

  • When this scam was highlight by BHarian, a UMNO owned media piece, I knew something is fishy and must be a big Wayang. It's proven today this Wayang was directed by them and they brought a good ending to what they started. It's sheer BS and they took the people into believing that they too can save the world. I think these folks are losing their plot....plus new ideas!!!

    Posted 6 years ago by Crishan Veera · Reply