Felda to hold special meeting tonight over KLVC project

KUALA LUMPUR: Felda will act promptly on the directive for action to be taken against those who were negligent in safeguarding its interests and of its investment wing, Felda Investment Corporation Sdn Bhd (FICSB).
Felda chairman Tan Sri Shahrir Abdul Samad said Felda would hold special meeting tonight, among others, to discuss the recommendations made by the audit team following the forensic audit on the Kuala Lumpur Vertical City (KLVC) project.
"The Felda Board welcomes the directive for disciplinary and legal action to be taken against those who neglected their responsibility in safeguarding the interests of Felda and FICSB," he told Bernama.
The Prime Minister's department, in a statement today, said the forensic audit report conducted on KLVC project showed that there was non-compliance with procurement procedures and negligence in safeguarding Felda's interests.
It said Felda had been instructed to take disciplinary and/or legal action against those named in the audit report who are found to have been negligent in performing their duties, misrepresenting and not safeguarding the interests of Felda and FICSB.
KLVC is a project being developed by Synergy Promenade Sdn Bhd (SPSB) on a land belonging to Felda. — Bernama