{"id":1918,"date":"2012-03-08T17:33:40","date_gmt":"2012-03-08T09:33:40","guid":{"rendered":"http:\/\/www.therocket.com.my\/en\/?p=1918"},"modified":"2012-03-10T14:24:21","modified_gmt":"2012-03-10T06:24:21","slug":"from-kazakhstan-with-love","status":"publish","type":"post","link":"https:\/\/www.therocket.com.my\/en\/from-kazakhstan-with-love\/","title":{"rendered":"From Kazakhstan with love"},"content":{"rendered":"

\"\"<\/a>\u00a0Latest in the string of exposes about the embattled National Feedlot Corporation (NFCorp) is the all-cash purchase of an RM1.7million apartment in Kazakhstan using a government soft loan. NFCorp\u2019s questionable assets include a luxury condominium in Bangsar and a supermarket in Singapore, despite NFC\u2019s original role to supply beef for Malaysian consumption.<\/p>\n

DAP Member of Parliament for Petaling Jaya Utara, Tony Pua today criticised NFCorp\u2019s misuse of a RM250 million government loan for purposes inconsistent with the loan terms, calling it \u201cludicrous\u201d and a complete waste of public funds.<\/p>\n

\u201cBased on the loan agreement, NFCorp is certainly not meant to be raising cattle in, or acquiring meat from Kazakhstan, much less buying an \u201capartment\u201d there,\u201d Pua said in reference to a report by The Malaysian Insider yesterday.<\/p>\n

The government loan was granted to NFCorp for the purpose of operating \u201ca National Feedlot Centre to be consistent with the Government of Malaysia\u2019s policy of developing, promoting and nurturing the production of beef and beef products\u2026”<\/p>\n

Pua challenged Prime Minister Datuk Seri Najib Razak as the Minister of Finance and the governing authority over the RM250 million soft loan to confirm if approval was given to NFCorp for the \u201chighly improper\u201d Kazakhstan purchase.<\/p>\n

\u201cThe Prime Minister has no right to talk about \u201ctransformation\u201d, \u201cfighting corruption\u201d and ending \u201cpolitical patronage\u201d if he does not even have the steel and ability to act tough on those who abuse power,\u201d Pua said.<\/p>\n

NFCorp, owned by Minister Datuk Seri Shahrizat Abdul Jalil, has been making headlines for financial irregularities since last year\u2019s Auditor General Report showed that it had been underperforming.<\/p>\n

Earlier this week, The DAP National Publicity Secretary revealed that companies owned by directors of NFCorp have not audited their accounts since 2007, as evidenced in a search at the Registrar of Companies.<\/p>\n

During a press conference on Tuesday, Pua told the media that at least RM81 million originating from the Government\u2019s RM250 million soft loan to NFCorp, had been transferred to various companies owned by directors of NFCorp.<\/p>\n

Directors of NFCorp have admitted that the money was transferred to companies owned by them and are not related to NFCorp. However, they argued that these \u201cunrelated companies\u201d were always meant to be subsidiaries of NFCorp.<\/p>\n

Pua added that Malaysians are thoroughly disappointed that the NFCorp scandals have only grown in size and incredulity over the past 6 months and yet do not see an end in sight with the Government taking any decisive action. \u2013The Rocket<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Latest in the string of exposes about the embattled National Feedlot Corporation (NFCorp) is the all-cash purchase of an RM1.7million apartment in Kazakhstan using a government soft loan. NFCorp\u2019s questionable assets include a luxury condominium in Bangsar and a supermarket in Singapore, despite NFC\u2019s original role to supply beef for Malaysian consumption. DAP Member of […]<\/p>\n","protected":false},"author":1,"featured_media":1920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[274],"tags":[],"class_list":["post-1918","post","type-post","status-publish","format-standard","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/1918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/comments?post=1918"}],"version-history":[{"count":0,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/1918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/media\/1920"}],"wp:attachment":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/media?parent=1918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/categories?post=1918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/tags?post=1918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}