News by Wong Ee Lin

"Felda faces difficulty in collecting the settler debt due to weak management process of settlers, delays in updating record process of settlers and accounts which are not finalised." 

"Conflicts of interest were worse when Mohd Isa also held executive power as chairman of Felda.

"For example, purchase of Park City Grand Plaza Kensington in London that is made by Mohd Isa without the approval of Felda's board of directors at a price exceeding the market rate and failure to follow specified investment policy."

The concrete works up to Level 57 of the West Tower and Level 54 of the East Tower are completed, and the hotel towers are scheduled to reach full height (Level 68) in the third quarter of 2019, said Genting.

Felda's director-general said Felda was directed by Datuk Seri Najib Razak, to take up a 37% stake in EHP, which had total debts of US$547.4 million in 2014 and its liabilities stood at US$676.9 million in 2016.

Property developer Tiger Synergy Bhd executive chairman Datuk Tan Wei Lian sent out notices to Seacera on March 28 to have an EGM held on April 29, proposing the removal of two Seacera directors, to be replaced by himself and four others.

Zulkarnin said there is now only one "serious discussion" with a township developer, despite expressions of interest from other property developers.

Veerinderjeet explained that if one were to have rendered any services or provided some services in the country, then it is considered like a payment or commission, thus making it taxable.

“We are not allowed to discuss individual tax matters with the public."

He says Johor menteri besar knows about the development.

Zelan said its unit will be also be claiming the principal sum together with late payment interest and costs, with the amount to be determined at a later stage.