NFC — a four-year scandal comes to a head


  • Nation
  • Thursday, 06 Nov 2014

PETALING JAYA: The NFC scandal made headlines when the Auditor-General’s 2010 report highlighted the failure of NFCorp’s centre to meet the annual beef production target set by the Government.

The target for NFCorp was to breed 8,000 heads of cattle that year but the RM74mil centre in Gemas had bred 3,289 heads of cattle, or 41% of the target.

Public Accounts Committee’s (PAC) chairman Datuk Nur Jazlan Mohamad was also reported as saying that a PAC report was submitted to the Dewan secretariat with several recommendations for the authorities.

Since then, the public-funded firm has been repeatedly accused by opposition parties of using government soft loans for purposes unrelated to cattle farming, including the purchase of luxury condominium units in Bangsar and Singapore and land in Putrajaya.

The issue was highly publicised when it was revealed that NFCorp was run by the husband and three children of former Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil.

PKR demanded that Shahrizat explain claims of alleged financial mismanagement and corruption in NFCorp.

The former Lembah Pantai MP resigned from her cabinet post in April 2012 and was quoted as saying that she had nothing to do with NFC and she “just happened to be married to the (NFCorp) chairman”.

On Jan 20, 2012, Shahrizat, who was later appointed as special adviser to the Prime Minister on women’s affairs, filed a RM100mil suit against PKR leaders Rafizi Ramli and Zuraida Kamaruddin for defamation in connection with the NFCorp issue.

On March 12, 2012, Shahrizat’s husband, NFCorp executive chairman Datuk Seri Dr Mohamad Salleh Ismail claimed trial to two counts of CBT involving some RM49.7mil with regards to the purchase of two condominium units.

Dr Mohamad Salleh was also charged with violating the Compan­ies Act by utilising company’s assets to partially fund the purchase of the condominiums without approval.

In May, 2012, the Malaysian Anti-Corruption Commission Operations Review Panel cleared Shahrizat of any involvement in the procurement of a RM250mil government loan for NFCorp.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Courts & Crime , nfc

   

Did you find this article insightful?

Yes
No

Next In Nation

Transport Ministry committed to helping the disabled, says Dr Wee
Floods: Number of evacuees in Terengganu rises, situation improves in Perak and Kelantan
Transport Ministry ready to help army veterans, says Dr Wee
Appeal by 33 people including Sabah CM over dissolution of state assembly withdrawn
Hamzah: Firms can hire foreign workers if they finance deportation of those held at immigration depots
No mining of non-radioactive rare earth elements until SOPs are followed, says Natural Resources Minister
Ismail Sabri: Action taken against 482 people over MCO violations on Wednesday (Dec 2)
Covid-19: Four new clusters detected with three in Sabah and one in Selangor
Natural gas use will ease transition into renewable energy, says PM
King joins search and rescue mission to locate youth feared drowned in Sg Pahang

Stories You'll Enjoy