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FOR the past two or three years, there have been reports on the Federal Land Development Authority (FELDA) reviewing its land lease agreement (LLA) with FGV Holdings Bhd (formerly known as Felda Global Ventures Holdings Bhd), which has sent shivers down the spine of anyone involved in FGV.
FELDA’s White Paper Confirms Massive Fraud! Time to Charge the culprits!! The Centre to Combat Corruption and Cronyism (C4) is deeply concerned with the findings of the government’s White Paper on the Federal Land Development Authority (FELDA) which was tabled in the Dewan Rakyat today by Economic Affairs Minister Datuk Seri Muhamed Azmin Ali. (C4 Press statement
Bad business decisions by Felda Global Ventures Bhd (FGV) and Felda Investment Corporation (FIC) are the main cause of Felda's current cash flow problems. According to the government's White Paper on Felda, the federal agency - through its companies FGV and FIC - indulged in "aggressive" and "uncontrolled" investments that did not generate expected returns. "Decisions were made without planning or due diligence, which exposed Felda and FIC to risk of losses due to investments in companies that were not strategic," read the document.
Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, in tabling a White Paper - Towards the Sustainability of FELDA - in the Dewan Rakyat, said the government has agreed to provide the money by way of grants, loans and government guarantees in stages in accordance with the needs of a new business model for the management of FELDA.
KUALA LUMPUR, April 8 — The government will propose a new business model for the Federal Land Development Authority (Felda) besides other initiatives when its White Paper is tabled in Parliament on Wednesday, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
The case involving former Felda chairman Mohd Isa Abdul Samad, who was charged with one count of criminal breach of trust (CBT) and nine counts of receiving gratification totalling more than RM3 million, has been transferred to the high court.
Felda white paper to be tabled next Wednesday. The white paper will also touch on the cost of living allowance issue and initiatives taken.
Former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad’s criminal breach of trust (CBT) and corruption case concerning the purchase of a Kuching hotel has been transferred from the Sessions Court to the High Court.
The much-anticipated White Paper, will, among others, focus on strategic rehabilitation plans with 31 initiatives as part of a transformation scheme, along with a turnaround plan that includes the sale of properties.
Former FELDA chairman was charged for criminal breach of trust over the acquisition of hotel and suites.
Felcra Bhd has lodged a MACC report after an external audit revealed several discrepancies.
The trial of Datuk Seri Najib Razak and former 1Malaysia Development Berhad (1MDB) chief executive officer Arul Kanda Kandasamy who were charged with tampering an audit report on the state fund is set to commence in November
The first of Datuk Seri Najib Razak's trials in relation to scandal-ridden fund 1Malaysia Development Bhd began last Wednesday (April 3), despite efforts to delay the trial. The ex-Prime Minister has gone to court to face seven charges over the misappropriation of RM42 million from SRC International Sdn Bhd, a former subsidiary of 1MDB. With around 7,000 pages of documents, possibly up to 60 witnesses, 26 lawyers and seven charges, it may be challenging to follow the case.
Kuala Lumpur High Court ruled that former PM’s1MDB trial will begin on May 14 With around 7,000 pages of documents, possibly up to 60 witnesses, 26 lawyers and seven charges, it may be challenging to follow the case.
The government is considering selling some of its assets to further trim the national debt that is currently at valued RM686 billion. In light of recent scandals, Dr. M said any government assets sold, particularly land, would only be to Malaysians.
Gov received a US$126 million (RM 514 million) offer for the superyacht Equanimity as part of an effort to recover and dispose of assets allegedly acquired using stolen 1MDB funds.
A Malaysian court set a new pretrial hearing date for the criminal case against Goldman Sachs Group Inc. relating to the state investment fund 1MDB.
The case involving former Prime Minister Datuk Seri Najib Tun Razak and 1Malaysia Development Berhad (1MDB) former chief executive officer Arul Kanda Kandasamy for alleged tampering of the 1MDB final audit report will be heard at the High Court.
Former PM facing charge of tampering with the audit report on the 1MBD fund, where billions of ringgit had allegedly been siphoned off before the report was finalised and submitted to the Public Accounts Committee
The former PM is facing 38 charges of money laundering, abuse of power, and criminal breach of trust involving 1MDB and its former subsidiary SRC International Sdn Bhd
Malaysia’s disgraced former prime minister Najib Razak, who is to be charged in court on Wednesday in connection with the multibillion-dollar financial scandal at the 1MDB state fund he helped set up, is facing the prospect of a lengthy jail term
A briefing for Pakatan Harapan lawmakers on the Tabung Haji controversy revealed the fund suffered losses amounting to RM10 billion which were kept off the books
Dr. M says the Cabinet will discuss TH’s financial position and the fund’s ability to pay dividends to depositors.
Lembaga Tabung Haji (TH) has managed to restore its balance sheet following the transfer of its underperforming assets to special-purpose vehicle (SPV) Urusharta Jamaah Sdn Bhd.
Former Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has claimed trial to 12 counts of graft amounting to RM5.2mil and money laundering totalling RM139.4mil over the procurement of government contracts. His older brother Datuk Abdul Latif was also hauled to the court for allegedly abetting him on two occasions. Abdul Azeez, who is Baling MP, is accused of receiving RM1.2mil, RM2mil and RM2mil in three transactions from company director Mo­­ham­mad Redzuan Mohanan Ab­­dullah as a reward for himself in assisting Menuju Asas Sdn Bhd obtain government projects. The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
A SPECIAL briefing on Wednesday for Pakatan Harapan lawmakers on the Tabung Haji controversy revealed the fund suffered losses amounting to RM10 billion which were kept off the books. “Yesterday’s revelations were a real shock to us. We knew that in 2017, there was a deficit of RM4.1 billion, but there were (loss) figures that were unrecorded. And yesterday, this was explained in a detailed and clear manner,” said Johor Baru MP Akmal Nasurullah Mohd Nasir. His older brother Datuk Abdul Latif was also hauled to the court for allegedly abetting him on two occasions. Abdul Azeez, who is Baling MP, is accused of receiving RM1.2mil, RM2mil and RM2mil in three transactions from company director Mo­­ham­mad Redzuan Mohanan Ab­­dullah as a reward for himself in assisting Menuju Asas Sdn Bhd obtain government projects. The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
Baling MP Datuk Seri Abdul Azeez Abdul Rahim and his brother Datuk Abdul Latif Abdul Rahim have been arrested by the Malaysian Anti-Corruption Commission (MACC). They were arrested at about 4.30pm at the MACC headquarters in Putrajaya for a case involving corruption and money laundering. “Yesterday’s revelations were a real shock to us. We knew that in 2017, there was a deficit of RM4.1 billion, but there were (loss) figures that were unrecorded. And yesterday, this was explained in a detailed and clear manner,” said Johor Baru MP Akmal Nasurullah Mohd Nasir. His older brother Datuk Abdul Latif was also hauled to the court for allegedly abetting him on two occasions. Abdul Azeez, who is Baling MP, is accused of receiving RM1.2mil, RM2mil and RM2mil in three transactions from company director Mo­­ham­mad Redzuan Mohanan Ab­­dullah as a reward for himself in assisting Menuju Asas Sdn Bhd obtain government projects. The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
TH’s COO has been remanded as the MACC conducts a probe against him. Police reports have been lodged on former CEO and four senior management staff over misuse of funds and wrongful conduct in a corporate deal.They were arrested at about 4.30pm at the MACC headquarters in Putrajaya for a case involving corruption and money laundering. “Yesterday’s revelations were a real shock to us. We knew that in 2017, there was a deficit of RM4.1 billion, but there were (loss) figures that were unrecorded. And yesterday, this was explained in a detailed and clear manner,” said Johor Baru MP Akmal Nasurullah Mohd Nasir. His older brother Datuk Abdul Latif was also hauled to the court for allegedly abetting him on two occasions. Abdul Azeez, who is Baling MP, is accused of receiving RM1.2mil, RM2mil and RM2mil in three transactions from company director Mo­­ham­mad Redzuan Mohanan Ab­­dullah as a reward for himself in assisting Menuju Asas Sdn Bhd obtain government projects. The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
Felcra Bhd has lodged a MACC report after an external audit revealed several discrepancies.“Yesterday’s revelations were a real shock to us. We knew that in 2017, there was a deficit of RM4.1 billion, but there were (loss) figures that were unrecorded. And yesterday, this was explained in a detailed and clear manner,” said Johor Baru MP Akmal Nasurullah Mohd Nasir. His older brother Datuk Abdul Latif was also hauled to the court for allegedly abetting him on two occasions. Abdul Azeez, who is Baling MP, is accused of receiving RM1.2mil, RM2mil and RM2mil in three transactions from company director Mo­­ham­mad Redzuan Mohanan Ab­­dullah as a reward for himself in assisting Menuju Asas Sdn Bhd obtain government projects. The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
MARA subsidiaries are being consolidated under GLIC Mara Corp after the change of federal government. After the MARA Inc. scandal, leaders stated that “due diligence processes” were completed and issues resolved, stating the intention to continue the development of a “complete ecosystem in Mara’s commercial entities” to uplift the Bumiputera economy.The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
Analysis of MARA Inc. scandal reveals that a property was transacted by its seller Australian businessman Lionel Harber at A$23.5 million (RM73.82 million) to an agent from an offshore company, who subsequently sold it to Mara Inc for A$41. 8 million mere weeks later.The publication reported that Mohammad Lan received A$3.2 million in his personal bank account shortly after payment was made
Mara has completed its internal investigation into alleged graft and abuse of power involving its former chairman Annuar Musa.

FELDA

1MDB

Tabung Haji

Felcra

MARA

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FELDA’s White Paper Confirms Massive Fraud! Time to Charge the culprits!!

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Isa Samad’s graft case transferred to high court

Felda white paper to be tabled next Wednesday

Isa Samad’s CBT, graft case transferred to High Court

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From sweet-talking politician, to leading Felda and criminal charges

Felcra lodges MACC report after audit reveals irregularities

Joint trial for Najib, Arul Kanda over 1MDB audit tampering to commence in November

Joint trial for Najib, Arul Kanda over 1MDB audit tampering to commence in November

Najib Razak’s 1MDB trial starts May 14

Dr M says Putrajaya may sell more govt assets, but only to Malaysians

With Equanimity purchase, Genting comes full circle in 1MDB saga

Malaysia Court Sets June for Next Hearing in Goldman's 1MDB Case

Tampering of 1MDB report case to High Court

Najib, Arul Kanda claim trial to 1MDB audit tampering

1MDB scandal: Najib Razak faces more charges over $1.6bn government coffer

Malaysia’s Najib Razak faces ‘20 years in jail’ as court date arrives

Probe reveals Tabung Haji failed to declare RM10 billion losses

Cabinet to discuss Tabung Haji matters tomorrow

Mujahid: SPV has not liquidated any Tabung Haji assets

Abdul Azeez claims trial to 12 charges

Probe reveals Tabung Haji failed to declare RM10 billion losses

Abdul Azeez and brother arrested

Four-day remand for Tabung Haji COO in MACC probe

Felcra lodges MACC report after audit reveals irregularities

Mara Corp to set Bumiputera’s economic development back on track

Mara Melbourne building purchase overvalued by Malaysian firm, says report

Mara completes probe on alleged graft, abuse of power