KUALA LUMPUR - In about a month after the news broke, the Federal Land Development Authority (Felda) successfully recovered ownership of 16 strategic plots of land worth an estimated RM200mil along Jalan Semarak here from a local company.
A jovial Tan Sri Shahrir Abdul Samad, the Felda chairman, showed the media copies of the land grants and the memorandum of transfer, which were returned to the agency earlier at 1pm yesterday.
“You can look at all the documents closely. We have successfully recovered the land, ownership of which was transferred without our knowledge and consent.
“The land has been recovered along with the documents needed to complete the ownership transfer,” he told a press conference at Menara Felda.
It was reported on Dec 21 that Felda was at risk of losing ownership of the land worth about RM200mil in Jalan Semarak following an allegedly dubious deal in 2015.
The land transfer was believed to have occurred after Felda Investment Corporation (FIC) appointed a local company as the primary developer on June 3, 2014, and it was given full power of attorney to develop the land.
The project is being developed by Synergy Promenade Sdn Bhd (SPSB).