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.
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).
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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