Ramping up their criticism of alleged mishandling of government funds in the public-funded National Feedlot Corporation (NFC), PKR said today that the money loaned to a sister company was used to purchase a RM9.8 million luxury condominium in Bangsar, Kuala Lumpur.
The money - which the opposition party claimed was part of an RM81 million loan by NFC, a company owned and operated by the husband and children of a federal minister - granted to related company National Livestock and Meats Corporation (NLMC) was used to purchase a luxurious condominium unit.
NLMC, which was contracted by NFC as its marketing development agent and granted the sizeable loan, is also owned and operated by the same federal minister's husband and children.
"They are in the business of (marketing) cattle. Are the cows going to sleep in the condo?" asked party secretary-general Saifuddin Nasution, expressing his puzzlement at a press conference at Parliament House today.
The party's strategy director Rafizi Ramli, who was also present, chimed in that the use of funds originating from public monies for such an unnecessary purchase was tantamount to criminal breach of trust (CBT).
Saifuddin and Rafizi added that a report on the alleged mishandling of funds has been submitted to the Malaysian Anti-Corruption Commission.
[More to follow]
The money - which the opposition party claimed was part of an RM81 million loan by NFC, a company owned and operated by the husband and children of a federal minister - granted to related company National Livestock and Meats Corporation (NLMC) was used to purchase a luxurious condominium unit.
NLMC, which was contracted by NFC as its marketing development agent and granted the sizeable loan, is also owned and operated by the same federal minister's husband and children.
"They are in the business of (marketing) cattle. Are the cows going to sleep in the condo?" asked party secretary-general Saifuddin Nasution, expressing his puzzlement at a press conference at Parliament House today.
The party's strategy director Rafizi Ramli, who was also present, chimed in that the use of funds originating from public monies for such an unnecessary purchase was tantamount to criminal breach of trust (CBT).
Saifuddin and Rafizi added that a report on the alleged mishandling of funds has been submitted to the Malaysian Anti-Corruption Commission.
[More to follow]
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