The purchase of a residential apartment in
Kazakhstan by the embattled National Feedlot Corporation (NFC) is
evidence of abuse and waste of public funds, said Petaling Jaya Utara
MP Tony Pua today.
Pua (right)
said in a statement this is because the RM250 million government soft
loan given to NFC was for a cattle feedlot project to meet domestic
demand and not for overseas ventures.
“Based on the loan agreement, NFC is certainly not meant to be raising cattle in or acquiring meat from Kazakhstan, much less buying an apartment there,” he said.
More suspiciously, it is understood that the purchase was an all cash purchase, he added.
Pua, who has obtained a copy of the loan agreement from a whistleblower, also questioned if NFC had approval from the ministry of finance for such a purchase.
He added that NFC must come clean on the issue and reveal the purpose of the purchase and whether the property is registered under NFC or the names of its individual directors.
In June 2011, The Star reported that a memorandum of understanding was signed between the authorities in Jambul district of Kazakhstan and NFC on the provision of cattle rearing there.
The English daily also reported that the produce from the cattle in Jambul will be brought to Malaysia for local consumption as well as exported to neighbouring countries.
Property featured in SMS transcripts
Yesterday, local news portal The Malaysian Insider quoted a source from the police commercial crimes as saying the department was investigating the purchase of a RM1.7 million apartment by NFC in Kazakhstan.
In a press conference yesterday, PKR Wanita chief Zuraida Kamaruddin (left)
claimed that the property in Kazakhstan was also featured in the text
message transcripts surrendered to the Malaysian Anti-Corruption
Commission.
Businessman Shamsubahrin Ismail handed over the transcripts said to be between him and a “key figure in NFC”, which he said proves that the latter had pressured him to bribe the police.
In his earlier report, the businessman accused NFC chairperson Mohamad Salleh of pressuring him to bribe the police in an effort to cover up the company’s scandal.
Mohamad Salleh has since denied the allegation.
The MACC had said that it had initially investigated claims that the Shamsubahrin tried to bribe police but found no evidence of this.
The businessman has been charged with cheating Mohamad Salleh of RM1.755 million and the case is pending trial.
Pua (right)
said in a statement this is because the RM250 million government soft
loan given to NFC was for a cattle feedlot project to meet domestic
demand and not for overseas ventures.“Based on the loan agreement, NFC is certainly not meant to be raising cattle in or acquiring meat from Kazakhstan, much less buying an apartment there,” he said.
More suspiciously, it is understood that the purchase was an all cash purchase, he added.
Pua, who has obtained a copy of the loan agreement from a whistleblower, also questioned if NFC had approval from the ministry of finance for such a purchase.
He added that NFC must come clean on the issue and reveal the purpose of the purchase and whether the property is registered under NFC or the names of its individual directors.
In June 2011, The Star reported that a memorandum of understanding was signed between the authorities in Jambul district of Kazakhstan and NFC on the provision of cattle rearing there.
The English daily also reported that the produce from the cattle in Jambul will be brought to Malaysia for local consumption as well as exported to neighbouring countries.
Property featured in SMS transcripts
Yesterday, local news portal The Malaysian Insider quoted a source from the police commercial crimes as saying the department was investigating the purchase of a RM1.7 million apartment by NFC in Kazakhstan.
In a press conference yesterday, PKR Wanita chief Zuraida Kamaruddin (left)
claimed that the property in Kazakhstan was also featured in the text
message transcripts surrendered to the Malaysian Anti-Corruption
Commission.Businessman Shamsubahrin Ismail handed over the transcripts said to be between him and a “key figure in NFC”, which he said proves that the latter had pressured him to bribe the police.
In his earlier report, the businessman accused NFC chairperson Mohamad Salleh of pressuring him to bribe the police in an effort to cover up the company’s scandal.
Mohamad Salleh has since denied the allegation.
The MACC had said that it had initially investigated claims that the Shamsubahrin tried to bribe police but found no evidence of this.
The businessman has been charged with cheating Mohamad Salleh of RM1.755 million and the case is pending trial.
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