KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has opened an investigation paper on Felda Investment Corporation's (FIC) purchase of a four star hotel in Kensington, London.
In a statement, the MACC said its Chief Commissioner Datuk Dzulkifli Ahmad gave the instruction based on new information received on the purchase, made between 2013 and 2015.
The MACC said investigators have obtained all documents linked to the purchase and are processing all materials in their possession.
Based on initial investigations, the MACC said the FIC is believed to have purchased the hotel at a much higher price than its original rate, causing the FIC to suffer losses in the millions of ringgit.
"A detailed investigation will be carried out to determine if there was any element of corruption or power abuse during the hotel purchasing process.
"The MACC will also be calling a few important witnesses in the nearest future to record their statements for more information and solid evidence, before proceeding with the next step," it added.