Wednesday, October 23, 2013

The Taiko nobody dares to put behind bar

Still no takers for failed NFC project, Putrajaya reveals
KUALA LUMPUR, Oct 23 — Negotiations between the government and a Japanese company to revive the National Feedlot Centre (NFC) project has fallen through, the Finance Ministry revealed today.
In a written reply to Tony Pua (DAP-Petaling Jaya Utara), the ministry said no agreement has been reached between the government and Kirimitonas Agro Sdn Bhd (KASB), a joint-venture company between a local investor and a meat-producing company in Japan, and that negotiations have ended.
“There will be no company which will take over the NFC project and we are not surprised because there will be no company that will pay and take over all the liabilities or the loan of RM250 million, and after that, has to add investment to revive the project.
“Only if you have too much money you will do that,” Pua told reporters at the Parliament lobby today.
The Finance Ministry also cited the Accountant General’s Department of Malaysia’s statement, that as of September 30, 2013, “there were no outstanding payments accrued as per NFCorp records”.
In July, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government has received RM79.9 million from the RM250 million loaned to NFCorp for its NFC project, through the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
He said the government also sealed NFC’s assets worth RM23.3 million, namely two pieces of land in Putrajaya, two units of real estate in Menerung Township Villa and three plots of land in Gemas.
Meanwhile, the KL Sessions Court has set November 22 to decide on an application by National Feedlot Corporation Sdn Bhd (NFCorp) executive chairman Datuk Seri Dr Mohamad Salleh Ismail (picture), who is also Shahrizat’s husband, to strike out the two criminal breach of trust (CBT) charges, involving RM49.7 million, against him.
“The Auditor-General has already urged the ministry to end the agreement between NFC and the government but the government chose to ignore the Auditor-General’s advice and we can see this example and yesterday, with the K-Pop concert, no action was taken against officers or the minister that was responsible for the government’s loss.
“We will continue to hear the A-G’s report on all kind of wastages because no action will be taken against those responsible,” Pua said today.
Melissa Chi

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