Has Felda really regained the Jalan Semarak land?

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Last week, there has been a big publicity on the Federal Land Development Authority (Felda)’s success in "regaining the land" in Jalan Semarak which has been suspiciously transferred to a company in a 2015 deal.

We would like to seek a clearer clarification from the Felda chairman Shahrir Abdul Samad, is the land in Jalan Semarak really back in Felda’s hand? What is the evidence of transactions which will prove that Felda has indeed regained the ownership of the land? Can he show the public that the developer/owner of the land Synergy Promenade Sdn Bhd (SPSB) had transacted all the transfer proceedings back to Felda with the various paperwork done?

The announcement made by Felda recently that they had regained the land is indeed a surprise, as such transaction speed has never happened before in history. What has Felda got to offer in order to regain the land from SPSB?

SPSB could not have just return the land to Felda empty handed since the developer has already started the project since. Felda said SPSB will still continue developing the Kuala Lumpur Vertical City (KLVC) project since the construction is already ongoing.

After the KLVC project has been completed, is Felda going to tell the public that they are going to hold on to the developed property without selling it, because the land is currently “owned” by Felda as claimed? If they are not going to sell the developed property, then what are they going to do with the whole KLVC? Is Felda planning to utilise the entire complex?

Then, what about all those KLVC buyers who had initially signed the sales and purchase agreement (SPA) with SPSB? How are these buyers going to be compensated? First of all, if Felda were to have really regain the land from SPSB, how has Felda compensated SPSB? How much of public funds has been utilised in order to buy back the land from the developer?

If Felda claimed that no public funds being used to regain the land from the developer, Felda must reveal its agreement and transactions with SPSB to the parliament and the general public in order to ensure that no foul play arise from this “deal”. Otherwise, this is yet another kind of suspicion after the first one in 2015.

This is involving public interests, Felda is a government-owned corporation supported with public funding and therefore, Felda should be transparent and accountable for every cent it transacted.

The members of parliament too should scrutinise this subject thoroughly to ensure nothing is being hidden, no corruption nor any power abuse are involved.

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