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Wednesday, March 14, 2012

'Directors siphoned RM12mil from NFC soft loan'



The directors of the National Feedlot Corporation siphoned RM12 million from the RM250 million government soft loan through a company based in Singapore, the DAP has claimed.

In the latest salvo against family-members of Women, Family and Community Development Minister Shahrizat Abdul Jalil, Petaling Jaya Utara MP Tony Pua said her husband and children owed RM12 million to Global Biofuture.

The RM12 million, Pua claimed, was sourced from a group of companies run by Shahrizat's family, including National Meat and Livestock Sdn Bhd, Real Food Company Sdn Bhd and Meatworks (Singapore) Ptd Ltd, which were set up with the soft loan.

"The latest audited accounts available from the Singapore Accounting and Corporate Regulatory (ACRA) dated Dec 31, 2011, state that the directors owe Global Biofuture the sum of S$4,975,415 (RM11.98 million)," he said in statement.

[More to follow]
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