Contrary to National Feedlot Corporation (NFC)'s directors’ assertion that companies owned by them are NFC subsidiaries, they have been discovered transferring shares of one of these companies to their personal names.
Petaling Jaya Utara MP Tony Pua today claimed that shares of a Singapore-registered company, Meatworks (Singapore) Pte Ltd, have been distributed to the individual directors of NFC, who are also family members of Women, Family and Community Development Minister Shahrizat Abdul Jalil.
Real Food Company Sdn Bhd (RFC), a company owned by the NFC directors, was the sole shareholder of Meatworks before the shares transfer.
Documents obtained by Pua from Singapore's Accounting and Corporate Regulatory Authority (ACRA) shows that on Jul 20, 2011, RFC's shares in Meatworks were transferred to four directors - Shahrizat's husband Mohamah Salleh Ismail and her three children Wan Shahinur Izmir, Wan Shahinur Izran and Wan Izzana Fatimah Zabedah - each receiving 90,000 shares.
RFC was left with only 90,000 shares in Meatworks.
Earlier on, it had been alleged that funds from NFC’s RM250 million government soft loan had been transferred to private companies - that are not NFC subsidiaries - owned by the NFC directors.
RFC is one such company.
Petaling Jaya Utara MP Tony Pua today claimed that shares of a Singapore-registered company, Meatworks (Singapore) Pte Ltd, have been distributed to the individual directors of NFC, who are also family members of Women, Family and Community Development Minister Shahrizat Abdul Jalil.
Real Food Company Sdn Bhd (RFC), a company owned by the NFC directors, was the sole shareholder of Meatworks before the shares transfer.
Documents obtained by Pua from Singapore's Accounting and Corporate Regulatory Authority (ACRA) shows that on Jul 20, 2011, RFC's shares in Meatworks were transferred to four directors - Shahrizat's husband Mohamah Salleh Ismail and her three children Wan Shahinur Izmir, Wan Shahinur Izran and Wan Izzana Fatimah Zabedah - each receiving 90,000 shares.
RFC was left with only 90,000 shares in Meatworks.
Earlier on, it had been alleged that funds from NFC’s RM250 million government soft loan had been transferred to private companies - that are not NFC subsidiaries - owned by the NFC directors.
RFC is one such company.
[More to follow]
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