Former Felda Chairman Isa Samad found guilty of RM3m corruption charges

KUALA LUMPUR (Feb 3): Former Felda chairman Tan Sri Mohd Isa Abdul Samad was found guilty today and sentenced to six years in prison and fined him RM15.4 million after finding him guilty of nine counts of corruption charges involving RM3 million over the agency’s purchase of Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak.

High Court Judge Justice Mohd Nazlan Mohd Ghazali, in reading out his judgment, said that Isa is guilty of all of the nine charges brought against him.

He sentenced Isa to six years’ imprisonment on each of the nine counts, the jail terms to run concurrently.

Mohd Isa was charged with nine counts of dishonestly receiving gratification for himself in cash totalling RM3,090,000 from Ikhwan Zaidel, who is a board member of Gegasan Abadi Properties Sdn Bhd (GAPSB), through his former special political officer Muhammad Zahid Md Arip, for helping to approve the purchase of the hotel by Felda Investment Corporation Sdn Bhd (FICSB) for RM160 million.

Tan Sri Mohd Isa Abdul Samad is pictured at the Kuala Lumpur High Court February 3, 2021. — Picture by Hari Anggara

All the offences were allegedly committed at Level 49, Menara Felda, Platinum Park, No. 11, Persiaran KLCC near here between July 21, 2014, and Dec 11, 2015. 

The charges were framed under Section 16(a)(A) of the Malaysian Anti-Corruption Commission (MACC) Act 2009, punishable under Section 24(1) of the same law, which provides a jail term of not exceeding 20 years and a fine of at least five times the bribe amount, or RM10,000, whichever is higher, upon conviction.

By : Timothy Achariam – THE EDGE MARKETS

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