Noh Omar: Govt intent on recovering NFC losses

  • Nation
  • Monday, 29 Oct 2012

KUALA LUMPUR: The Government is intent on recovering the losses suffered from the National Feedlot Centre (NFC) scandal, says Agriculture and Agro-based Industries Minister Datuk Seri Noh Omar.

He said the Government was discussing with companies to take over the operations of the NFC project, worth RM250mil.

"The most important matter is to recover the Government funds lost.

"Therefore, the Cabinet appointed Deputy Prime Minister Tan Sri Muhyiddin Yassin to head a committee to ensure that the takeover of the management happens," he said when winding up the Budget debate for his ministry in the committee stage at the Dewan Rakyat Monday.

The feedlot centre was reportedly set up to boost the production of beef to reduce dependence on import of the meat.

The issue on the NFC cropped up in the 2010 Auditor-General's report.

It indicated the cattle rearing project had not met annual beef production targets set by the Government.

The issue heated up after the Opposition alleged irregularities over the RM250mil government loan to NFCorp.

Related Stories: Govt may take civil action against NFCorp PAC to scrutinise if NFC loans followed procedure Police seize four NFC properties

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