Felda chairman Shahrir Abdul Samad said 17 lots of land were transferred to the company, Synergy Promenade Sdn Bhd (SPSB), through four sale and purchase agreements in 2015 and 2016 but only 16 lots were registered in the name of SPSB.

“The 16 lots were registered on various dates. Finally, after various processes and negotiations up to yesterday (March 8), we have been able to get the lots registered in Felda’s name,” he said at a press conference at Menara Felda here.

The issue over the ownership of the Felda land arose last December after a local newspaper revealed that Felda was at risk of losing its land valued at RM270 million for the development of KLVC through a dubious transfer transaction in 2015.

It was reported last month that Felda would regain possession of the land from SPSB without cost.

Shahrir said the caveats on all the lots were lifted last month to enable the titles to be changed to Felda’s name.

These were the private caveats that were obtained in April last year and the registrar’s caveats that were imposed after a police report was made, to freeze any development on the land, he said.

It was normal for private caveats to be replaced with registrar’s caveats after a police report was made, he said.

He added that the police would apply to impose the registrar’s caveat.

“So, the private and registrar’s caveats were lifted to enable us to register the land in Felda’s name again. We did the registration on March 2, 2018, for 14 lots. The remaining two lots were registered yesterday.”

Shahrir said Felda’s success in regaining possession of the land followed the signing of a memorandum of understanding with SPSB on Jan 15 this year.

Felda to regain ownership of Jalan Semarak land by this week