Still no takers for failed NFC project

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.

Pua pointed out that the RM250 million is still owed by the National Feedlot Corporation (NFCorp), a firm owned and operated by Wanita Umno chief Datuk Seri Shahrizat Abdul Jalil’s family.

“Why up till today not even one sen has been returned to the government?

“Why today the government still don’t take any legal action against NFCorp and Shahrizat’s family to retrieve the money owed?” the DAP MP asked.

In July, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government has received RM79.9 million from the RM250 million loaned out 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.

Still no takers for failed NFC project, Putrajaya reveals
October 23, 2013 – Malay Mail Online


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