How did Synergy Promenade acquire Felda land without payment?

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Synergy Promenade Acquired Felda Land Through Alleged Misuse of Power of Attorney Without Payment

Synergy Promenade Sdn Bhd is alleged to have acquired Felda land valued at RM270 million in Jalan Semarak in 2015 through the misuse of a power of attorney. This transfer allegedly occurred without any payment being made to Felda. The matter is currently subject to a police investigation.
Alleged Misuse of Power of Attorney

The core of the alleged transaction involves Synergy Promenade Sdn Bhd purportedly misusing a power of attorney granted to it. This power of attorney, details of which are not fully elaborated in the provided information, was allegedly exploited to facilitate the transfer of the Jalan Semarak land into Synergy Promenade's ownership. The mechanism by which this misuse allowed for the transfer without compensation to Felda remains a key aspect of the ongoing investigation.
Transfer Occurred Without Payment

A significant element of the reported dealings is the claim that the land transfer was completed without any financial consideration for Felda. The value of the land has been stated to be RM270 million, and the allegation is that Synergy Promenade transferred this asset to itself without disbursing any funds to the original owner. This lack of payment forms a central point of contention in the scandal.
Ongoing Investigation and Official Stance

The handling of the Felda land transfer is being addressed through existing legal provisions and a police investigation. The Minister in the Prime Minister’s Department, Datuk Seri Azalina Othman Said, has described the situation as a "business matter" and expressed confidence in its resolution. She indicated that the issue would not negatively impact Felda voter support, as the chairman himself is addressing the problem. An independent auditor was also appointed by the Prime Minister to initiate an internal inquiry into the matter.

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How did Synergy Promenade acquire Felda land without payment?

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