NFC still owes govt RM248 million

NFC still owes govt RM248 million, says Finance Ministry NATIONAL Feedlot Corporation (NFC) still owes the government more than RM248 million from the RM250 million soft loan it received, the Finance Ministry said. In a written parliamentary reply to Sim Tze Tzin (PKR-Bayan Baru), the ministry said the feedlot has yet to pay a total…

What is left of NFC – 20 cows, 4 workers and abandoned buildings

(Courtesy TMI) 20 cows, 4 workers and abandoned buildings left at National Feedlot Centre Far from its ambitious plan to be Malaysia’s premier beef exporter, the farm at the National Feedlot Centre (NFC) is today a picture of desolation with cows wandering amid overgrown grass and dilapidated buildings. Two years after PKR lawmaker and whistleblower…

Get back every sen from NFCorp of RM250 million loan

Get back every sen from NFCorp, says Rafizi Putrajaya must recover every single sen from the National Feedlot Corporation (NFCorp), including the interest from the RM250 million loan, said PKR’s Rafizi Ramli following Datuk Seri Najib Razak’s move to initiate legal action against the cattle-rearing firm. The PKR Pandan federal lawmaker said the Barisan Nasional-led…

Putrajaya to sue NFCorp over RM250 million loan

Putrajaya will take legal action against National Feedlot Corporation (NFCorp) for failure to repay the RM250 million loan for its cattle-rearing project. Finance minister Datuk Seri Najb Razak said the company was to repay the loan from 2012 to 2028. As of September this year, the company had repaid only RM34.98 million, which is part…

Will the National Feedlot Centre become NFA?

MP SPEAKS Stern action must be taken against the minister and senior officers responsible for the National Feedlot Centre fiasco after strong condemnation by the Malaysian Anti-Corruption Commission (MACC). While we were disappointed that the MACC has failed to find elements of corruption in the RM250 million National Feedlot Centre scandal, we must commend the…

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…

Agriculture Ministry’s failure led to NFC scandal, says report

The RM250 million National Feedlot Corporation scandal was a result of the Agriculture Ministry’s failure to carry out due diligence before awarding the contract, the Malaysian Anti-Corruption Commission (MACC) said today. In its 2012 annual report, the MACC reported a slew of weaknesses in the civil service system which left a lot of loopholes which…

Politics and a cattle farm

MARCH 18 – When public funds for a national cattle farm were found to be used to buy properties, is that politics or a crime? What if the firm running the cattle farm is related to a government leader? Is it only politics or still a crime? While the jury (a quaint phrase with no…

Chua Jr under fire over NFC ‘neglect’

Deputy Agriculture and Agro-based Industries Minister Chua Tee Yong has been asked how many times he has visited the National Feedlot Corporation’s (NFC) cattle-breeding project, which is in an “ugly state” today. Petaling Jaya Utara MP Tony Pua (left) raised this when pointing out Chua’s tenacity in highlighting the Selangor government’s debt recovery exercise involving…

Is cowing a whistleblower a good idea?

AUG 1 – If not for his arrest today, one would only remember that Rafizi Ramli has been going at the Ampang LRT line extension project with hammer and tongs over its systems contract, insisting for months that it would go to the George Kent joint-venture despite the consortium failing both the technical and commercial…