Still cashing in despite NFC’s frozen asset

PKR has continued its expose on the National Feedlot Corporation (NFC), this time showing that the company directors have been leasing out their personal properties to NFC for high returns.

Aa search with the Valuation and Property Services Department showed that two office units used by NFC belong to executive chairperson Mohamad Salleh Ismail and his son and director Wan Shahinur Izran Salleh, PKR strategy director Rafizi Ramli (centre in photo) said.

Based on  NFC's financial accounts made public by Rafizi, the units located at Solaris Mont Kiara were rented from the duo at RM28,000 and RM8,240 a month respectively.

The search further established that Izran owns the premises of the Meatworks restaurant, also in Solaris Mont Kiara.

Meatworks is operated by the Real Food Company, a NFC associate company.

"I do not have detailed financial records for Real Food Company... but I believe Izran also receives lucrative rental payments from the two restaurant premises he owns," Rafizi told a press conference today.

[More to follow]