An agent bought a piece of land for RM900,000 on behalf of his principal. The agent knew that the vendor had earlier paid RM450,000 for the land but did not inform the principal. It turned out that...

An agent bought a piece of land for RM900,000 on behalf of his principal. The agent knew that the vendor had earlier paid RM450,000 for the land but did not inform the principal. It turned out that the agent had received RM150,000 as a benefit from the vendor. Advise the principal.