Tuesday, 27 March 2012

Gov't seeks others to take over NFC project

The federal government will call for a tender for interested companies keen on taking over the troubled National Feedlot Corporation (NFC) project.

Agriculture and Agro-based Industries Minister Noh Omar said today that the federal government was serious in ensuring that the project is continued as planned.

According to Bernama, Noh said that this plan has been endorsed by Prime Minister Najib Abdul Razak and his deputy Muhyiddin Yassin.

"We have appointed a independent auditor because we are serious (to continue this project).

"We are also in the second process of calling for a tender for any interested companies," he said during the ministerial winding up speech during the debate on the motion of thanks for the royal address.

During his speech, Noh did not mention whether outgoing cabinet minister Shahrizat Abdul Jalil's family will lose the project.

He also did not mention if the federal government would seek an reimbursement of the RM250 soft loan to Shahrizat's family.

Troubles involving the NFC were first revealed in the Auditor-General Report 2010, which showed that the company had failed to meet targets set by the federal government in 2007.

Following this, PKR produced documents which showed that the RM250 million soft loan was abused for several investments that were not related to the cattle-rearing industry.

This includes the purchase of several plush condominium units in Kuala Lumpur and abroad, venturing into the restaurant and supermarket industry and a plot of prime land in Putrajaya.

After months of denying any wrong doing, Shahrizat announced on March 11 that she would not be re-appointed as a senator when her term expires on April 8.

A day after her sudden announcement, her husband Mohamad Salleh Ismail was charged with two counts of criminal breach of trust and two counts of violating the Companies Act 1965.

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