Former Felda board secretary Erwan Aman today confirmed to the High Court that the purchase of the RM160 million Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak, did not obtain a mandate from the board.
During the criminal trial of former Felda chairperson Mohd Isa Samad, Erwan testified the tabling of the Felda Investment Corporation (FIC) progress report did not constitute an application for the Felda board of directors’ approval for the purchase.
“This was just a progress report on investments made by FIC...
By posting a comment, you agree to our Terms & Conditions as stipulated in full here
TERMS & CONDITIONS
Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.
REPORT VIOLATORS
Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.