Pm: Audit Firm Appointed To Probe KLVC Project

An external audit firm has been appointed by the Prime Minister’s Department, to conduct a probe on the Kuala Lumpur Vertical City (KLVC), project which is currently being developed by Synergy Promenade Sdn Bhd (SPSB), on the FELDA-owned land in Jalan Semarak.

Prime Minister, Datuk Seri Najib Tun Razak, in a statement today, said the firm would carry out a forensic audit on all activities, decisions as well as actions taken in relation to the controversial project.

According to the premier, the investigation by the audit firm on the KLVC project, which will also involve the Kuala Lumpur Federal Territory Lands and Mines Department and City Hall (DBKL), is expected to be completed in 30 days.

A full report will be submitted to Prime Minister’s Department once the audit has been completed so that action could be taken if there were any wrongdoings by those involved in the project.

The audit will also review all control processes, including weaknesses in the internal administration as well as monitoring by FELDA on FELDA Investiment Corporation Sdn Bhd (FIC).

The appointment of the audit firm was ordered by Datuk Seri Najib in a letter to FELDA on December 11 to determine whether there were any non-compliance in following procedures, abuse of power or corruption in the project.

In the letter, Datuk Seri Najib also instructed FELDA to lodge a police report and to initiate a civil suit against SPSB over the dubious land transfer deal.

The move was taken to protect FELDA’s interests and ensure the agency retains the ownership of the land, worth RM200 million.

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