NFC Directors To Be Charged..

KUALA LUMPUR, Feb 25 — Police have asked the Attorney-General’s Chambers to charge National Feedlot Corporation (NFCorp) directors with criminal breach of trust after opposition politicians claimed a part of the government’s RM250 million soft loan was used for other purposes. CCID Director Datuk Syed Ismail Syed Azizan confirmed the matter with several media organisations this evening.

“We are recommending to the Attorney-General’s Chambers that all NFCorp directors be charged (for CBT),” he told The Malaysian Insider. NFCorp, which operates the national cattle-farming project, is chaired by federal minister Datuk Seri Shahrizat Abdul Jalil’s husband, Datuk Seri Mohamad Salleh Ismail. Their three children also hold executive posts in the company. The NFC hit the headlines after it made it into the Auditor-General’s Report last year, and has continued to hog the limelight after it was linked to Shahrizat and her family.

But recently, in response to claims that NFCorp had purchased two luxury condominiums worth RM34 million in Singapore’s posh Marina Bay Suites, Shahrizat’s son Wan Shahinur Izmir had explained that the company had decided that it would make better use of the money by investing in property during a break in business operations.

The break, said Wan Shahinur Izmir, was caused by the government’s decision to suspend the construction of an abattoir that would have been rented to NFCorp. According to the DAP’s Tony Pua, however, the Finance Ministry had told a parliamentary committee last November that there was no provision that permits the NFCorp to use its federal loan to purchase property.

Earlier today, Pua revealed the NFCorp’s loan agreement, which he claimed proved that the company had violated conditions attached to the RM250 million facility.

If this is the case, anak beranak kena charged for CBT.. Hope justice will prevail. Definitely no corruption but the boundaries of ethics and breach of trust certainly were crossed. The same goes for sports associations that bring more officials than players for overseas games/matches..also applies to those PKNS officers who bought low cost PKNS flats on their own account and later rent them out. Please come around to your senses PM.. also MB Khalid.. PKR and BN are all the same.. slow to react . this is people's money that we are talking about ok...