FORMER Felda chairman Isa Samad has been released after five days in remand, Bernama reported today.

MACC had said that it might apply for an extension of the remand order after its request for a remand order for seven days was cut to five.

Such a move would have further angered Umno grassroots, who have denounced Isa’s arrest and detention. They say his public shaming and lengthy detention is unduly harsh compared with the treatment that MACC has given opposition politicians also suspected of corruption.

Rais Yatim is among those incensed at the way Isa has been treated, decrying the Malaysian Anti-Corruption Commission (MACC)’s indiscretion in allowing the details of the investigation to become public knowledge even before Isa had been charged.

Rais had said that such disclosures could be prejudicial to the case.

Isa was arrested on Tuesday by the MACC investigating Felda Investment Corporation (FIC)’s hotel purchases in London and Kuching.

He was nabbed when he presented himself at the MACC headquarters  to have his statement recorded.


MACC prosecutors had said they were at the tail end of the probe, but on Friday, the anti-graft commission opened another investigation into a third suspicious FIC hotel purchase, this time in Kota Kinabalu.

The Sabah property under investigation is the three-star Grand Borneo Hotel, for which FIC is reported to have paid RM86.4 million in 2012.

MACC is investigating if FIC had overpaid for the hotel, like it allegedly did for Park City Grand Plaza in Kensington, London, and Merdeka Palace Hotel & Suites in Kuching.

FIC is reported to have acquired the four-star, 62-room Park City Grand Plaza for RM330 million, allegedly RM220 million above the market value, and the five-star Merdeka Palace for allegedly RM50 million more than the market value.

Isa Samad was Felda Global Ventures Holdings Bhd chairman until June, when he resigned and was subsequently made the acting chairman of the Land Public Transport Commission.

– https://www.themalaysianinsight.com/