Felda sues Isa Samad, Shahrir, 19 others over Jalan Semarak land deal

Property Property Headlines News

KUALA LUMPUR (Bernama): The Federal Land Development Authority (Felda) and its subsidiary have filed suits against two former chairmen, Tan Sri Mohd Isa Abdul Samad and Tan Sri Shahrir Ab Samad, property development company Synergy Promenade Sdn Bhd (SPSB) and 18 others to seek an order to cancel immediately all land ownership transfer instruments in Jalan Semarak.Felda and Felda Investment Corporation Sdn Bhd (FIC) as plaintiffs, filed the suits through the High Court e-filing here through the law firm Lee Hishammuddin Allen & Gledhill by naming the 21 as defendants.Among those names as defendants were former Felda director-general Datuk Faizoull Ahmad; former FIC chief executive officer Mohd Zaid Abdul Jalil; SPSB directors Abd Rahman Soltan and Noraini Soltan; SPSB and Synergy Promenade KLVC Sdn Bhd (SPKLVC) ; former Felda director-general Datuk Hanapi Suhada; former Felda director-general Datuk Ab Ghani Mohd Ali; former Felda Land director Shahrizal Mohd Saleh; and the Kuala Lumpur Federal Territory Land and Mine director.In its writ of summons and statement of claim, Felda sought an order to direct the Federal Territory Land and Mine director to cancel immediately all intruments of Semarak Felda land ownership transfer from the agency to SPSB and SPKLVC in 30 days from the issuance of the order.The plaintiff also sought a declaration that the FIC Letter of Award, Felda Letter of Award, Development Agreement, Power of Attorney, Lease Agreement, four lease purchase agreements (SPA) and Memorandum of Understanding could not be enforced, and null and void.In the suit, Felda and FIC demanded compensations from all defendants for contravention of fiduciary duty borne against Felda, namely, a compensation of RM1.062bil for the commercial value of the Semarak land which could be received directly from the sale of the land.Also sought, among them compensation in equity for commercial opportunity losses of RM562mil if Felda received a MGR of RM500mil from the Development