This was revealed by former Felda Investment Corporation Sdn Bhd chief executive officer Mohd Zaid Abdul Jalil during Isa’s criminal breach of trust and corruption trial today.
“He said since a part of Felda board members WEre also FICSB board members which approved the acquisition, there was no need for the proposal to be tabled to Felda. Zaid said any investment mandate that was over RM100 million approved by FICSB must have approval from the Felda before the deal could proceed.
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1.WHY during Felda Board Meetin, Isa 'exclude' tabling RM160 Million proposal 4 acquisition of Hotel? 2.(Isa told lies? Said part of Felda Board Members r ALSO FIC Board Members).BUT FIC CEO said only 5 names in Both Board. Note-over RM100M investment by FIC needs Felda approval
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As board member, Isa had responsibility towards Felda Investment Corporation, court told | Malay MailKUALA LUMPUR, Oct 14 — The High Court here heard that all Board Members of Felda Investment Corporation Sdn Bhd (FICSB) should act in accordance with the Memorandum and Articles of Association (M&A) of the company. Former FICSB company secretary, Cheong Choon Yin, 48 said the board members...
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Isa Samad trial: Request to review rejected hotel acquisition deal came from Najib, court toldKUALA LUMPUR: The request to review a rejected proposal to acquire the Merdeka Palace Hotel and Suites in Kuching came from Datuk Seri Najib Razak, the High Court heard on Wednesday (Oct 16). Main taichi, kisah lama dtg utk menghantui😆😆😆 1. FIC board rejected Hotel acquisition 2. Isa receives 'request' frm Najib review acquisition 3. Isa ordered FIC CEO review it 3. Next day, Isa ordered FIC CEO, continue wit acquisition (to help political activities in Sarawak). Who's the Swak Politician who owns Merdeka Hotel? 🤣🤣🤣🤣🤣
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