Business · Malaysia Bureau
MACC questions Isa Samad over Felda investment probe
The Malaysian Anti-Corruption Commission has recorded a statement from former Felda chairman Isa Samad as part of an investigation into alleged abuse of power and corruption. The questioning took place at Sungai Buloh prison where Samad is currently held.
LSN Malaysia ·
The MACC's move marks the latest development in its widening probe into financial irregularities at the Federal Land Development Authority and its investment subsidiary. Samad, who previously headed the agency responsible for managing land and agricultural schemes across Malaysia, was questioned regarding his tenure and decisions made concerning Felda's investment portfolio.
The investigation centres on allegations of abuse of power and corrupt practices involving significant financial transactions at Felda and related entities. Authorities have been scrutinising investment decisions and fund management practices during the period when Samad held senior positions within the organisation.
The MACC's decision to conduct the interview at the correctional facility indicates the seriousness with which investigators are treating the matter. The statement recording represents part of a broader investigative process that has involved multiple parties connected to Felda's operations and investment activities.
Felda has long been a significant pillar of Malaysia's rural development framework, making governance and financial accountability at the institution a matter of public concern. The ongoing investigation underscores authorities' commitment to addressing allegations of misconduct within major government-linked entities.