What steps is Felda taking to recover the Jalan Semarak land?

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Felda Initiates Legal and Investigative Actions to Reclaim Jalan Semarak Land

Felda is actively pursuing the recovery of a RM270 million plot of land on Jalan Semarak that was allegedly transferred from its ownership without proper authorisation. The agency has lodged a police report, initiated an in-depth investigation by its external auditors, and is working to regain ownership of the land rather than seeking payment for the purported transactions. Furthermore, an independent audit of Felda board members is slated to commence in January, conducted by a party appointed by the Prime Minister's Department.
Police Report and Audits Underway

Following the discovery of the alleged land transfer on December 12, Felda promptly lodged a police report. Simultaneously, the agency's external auditors commenced a thorough investigation into the matter. This dual approach aims to address the immediate legal implications and understand the internal circumstances that led to the alleged transfer of the Jalan Semarak plot, which occurred in 2014 to Synergy Promenade Sdn Bhd, the appointed developer.
Legal Recourse to Reclaim Ownership

Felda's primary objective is the repossession of the land itself, not the financial proceeds from any alleged transactions. The agency contends that Synergy Promenade Sdn Bhd may have misused a power of attorney, granted for land development purposes, to transfer the plot into its own name. To prevent further disposition of the property, Felda board members have already secured caveats on the land and are now prioritising the enforcement of a Land Administrator's caveat, which carries greater legal weight.
Internal Audit of Board Members Planned

The Prime Minister's Department will engage an independent entity to conduct an internal audit of Felda's board members. This audit is intended to scrutinise how the ownership transfer of the Jalan Semarak land was facilitated. This internal review is expected to begin in January and aims to provide greater clarity on the decision-making processes and potential oversight failures within Felda's governance structure.
Confirmation of No Funds Received

Felda has confirmed that it received no financial benefit from four purported transactions related to the Jalan Semarak land, totalling RM270 million. These amounts, specifically RM54.5 million, RM96.6 million, RM12 million, and RM106.4 million, were associated with sales and purchase agreements. The agency has stated that it did not receive "a single sen" from these alleged dealings, underscoring its focus on reclaiming the asset rather than pursuing monetary compensation.

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What steps is Felda taking to recover the Jalan Semarak land?

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