The Malaysian Anti-Corruption Commission (MACC) is investigating another hotel purchase by Felda Investment Corporation (FIC).
In a statement, the anti-graft body said the four-star hotel, situated in Kuching, Sarawak, is believed to have been purchased at a price way higher than its original tag.
According to a source, the probe into the hotel's purchase started as the MACC was investigating FIC's purchase of a four-star hotel in Kensington, London, between 2013 and 2015.
"Initial information received by the investigation team revealed that the purchase of the hotel in Kuching has caused FIC hundreds of millions of ringgit in losses...