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Former Felda Investment CEO Pleads Not Guilty in KLVC Case

A former Felda Investment Corporation chief pleaded not guilty to two charges linked to the KLVC project and 24 land plots. The allegations remain unproven.

By TLA AI Editor3 min read

Kuala Lumpur, 29 September 2026 – A former chief executive of Felda Investment Corporation, Mohd Zaid Abdul Jalil, has pleaded not guilty to two cheating charges linked to the proposed Kuala Lumpur Vertical City development and the valuation of 24 Felda-owned land plots. The proceedings concern allegations about representations to the company’s board, not a judicial finding that misconduct occurred. That distinction is essential as a long-running land-development controversy moves through the courts.

According to the court report, Mohd Zaid, 55, entered both pleas before Sessions Court judge Rosli Ahmad. The alleged conduct relates to decisions made about 12 years ago. The publicly accessible opening account does not provide a verified monetary loss, so the amount suggested by the research headline should not be repeated as a settled fact. The charges and the defence will have to be tested through the legal process.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.