Felda has been investigated before over alleged improprieties

PETALING JAYA: As Felda Global Ventures Holdings Bhd (FGV) is being investigated over alleged improprieties, its largest shareholder Felda has also been scrutinised by the Malaysian Anti-Corruption Commission (MACC).

In January, the anti-graft agency investigated alleged corrupt activities involving five current and former Felda officials over a RM47.6mil sturgeon farming project in Pahang.

All five were picked up in a sting operation dubbed by MACC as Ops Caviar.

In March, two senior officials from Felda were charged with criminal breach of trust for the sturgeon-breeding project.

The offences were allegedly committed between January and July 2014.

In 2015, the MACC detained a high-ranking officer in Felda Investment Corp (FIC) to help in investigations into investments made by the company.

The investments included the purchase of properties in London.

FIC is the investment arm of Felda and focuses on three areas – hospitality, real estate, and oil and gas.

However, in May, Minister in the Prime Minister’s Department Datuk Paul Low said the probe into the purchase of two high-end London properties by FIC showed no wrongdoing was committed.