25.02.2012
Police have recommended to the Attorney General that directors of the scandal-plagued National Feedlot Corp (NFC) be charged for criminal breach of trust, said CCID Director Datuk Syed Ismail Syed Azizan on Saturday.
The directors of NFC are Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil's husband Datuk Dr Mohamed Salleh Ismail, who is the chairman, and her children.
The NFC came under fire after the Auditor-General's 2010 Report in October last year revealed that the RM250mil cattle breeding project had failed to meet its target.
It then emerged that funds had been used to buy two luxury condominiums in Bangsar.
NFC is being investigated by both the police and the Malaysian Anti-Corruption Commission (MACC).
The MACC is looking into possible misappropriation of funds, abuse of power and the possibility that corrupt practices had taken place in the awarding of loans.
Auditor-General Tan Sri Ambrin Buang Ambrin had said the production target of 38,600 head of cattle for 2010 had not been achieved because the Entrepreneur Development Programme involving 130 satellite farm entrepreneurs had not been implemented.
NFC is a company registered under the Companies Commission of Malaysia with the Ministry of Finance Incorporated holding a golden share of RM1.
The paid up capital of RM1.11mil was contributed by Agroscience Industries Sdn Bhd.
A soft loan of RM250mil was approved for NFC through an agreement signed in Dec 2007 and, as of March 2010, RM134.7mil had been released to the company based on claims made to the Finance Ministry.
No comments:
Post a Comment