Former Federal Land Development Authority (Felda) chairperson Isa Samad has reportedly expressed readiness to cooperate with police in their probe into the Jalan Semarak land transfer scandal.

However, Malay portal Sinar Online quoted Isa as saying that he has yet to be called by authorities investigating fraud allegations surrounding a deal signed in 2015, during his term as Felda chair.

"If the police and MACC summon me later, I will go, I must cooperate.

“But at this point in time, not yet (summoned by authorities),” Isa was quoted as saying at an event in Telok Kemang, Negeri Sembilan this morning.

"(Felda chairperson) Shahrir Abdul Samad has lodged a police report, so let the police investigate," he added, declining to comment further.

On Thursday, Berita Harian exposed that Felda is at risk of losing rights to four plots of land valued at around RM270 million due to an ownership transfer through an allegedly "dubious transaction" in 2015.

In response, Shahrir announced that Felda had not only lodged a police report against the master developer appointed for the project, but that it would explore all available options to reclaim ownership of the four parcels of land, which were later revealed to actually be worth up to RM1 billion.

Shahrir had taken over leadership of Felda from Isa, who led the agency from 2011 up to January this year.

Before his exit, Isa was also chairperson of Felda Global Ventures from Jan 1, 2011, as well as chairperson of Felda Investment Corporation's (FIC), since the company was founded on July 2, 2013.

Isa, meanwhile, also reportedly denied evading the media after his arrival at KLIA on Thursday night, several hours after Shahrir held a joint press conference with Deputy Minister in the Prime Minister’s Department Razali Ibrahim.

"The whole of Friday I was in Jempol, yesterday in Kuala Pilah, and today in Port Dickson.

"I did not run, the media thought I ran...," Isa was quoted as saying in Sinar Online.

Deputy inspector-general of police Noor Rashid Ibrahim said on Friday that police would record Isa’s statement upon his return from his travels abroad, adding that the case is being investigated under Sections 420 of the Penal Code.

Upon conviction, an offence under Section 420, which deals with cheating, is punishable by imprisonment of between one to ten years with whipping, and a fine.

The case is also being investigated under Section 471 of the Penal Code, which covers the fraudulent use of falsified documents.