March 07, 2012
MACC investigators arrive at NFCorp’s offices in Kuala Lumpur, December 23, 2011. — File pic
It is understood that the property, which is located in the southern city of Almaty, was bought in September last year, just a few months after the company signed on to help the Kazakh government breed cattle.
A memorandum of understanding (MoU) was inked in June 2011 between NFCorp and the Jambyl district of Kazakhstan to raise cattle for export to Malaysia and neighbouring countries.
The deal was one of five signed between Putrajaya and Astana. Malaysia had also pledged to invest in an Islamic bank, oil and gas exploration by state oil company Petronas, energy generation as well as the construction of a hotel.
A high-ranking source in the commercial crimes department told The Malaysian Insider police were attempting to obtain more details about the apartment, which was registered to NFCorp.
“We are still trying to get the information from abroad,” he said, on condition of anonymity.
He added that the apartment appeared to be the company’s only acquisition in the oil-rich Central Asian republic, which the Najib administration has sought closer ties with.
NFCorp hit the national headlines after it made it into the Auditor-General’s Report last year for missing production targets.
The publicly-funded company is run by Datuk Seri Mohamad Salleh Ismail, who is husband to federal minister Datuk Seri Shahrizat Jalil, and their three children.
NFCorp has been repeatedly accused by the opposition of using its RM250 million soft loan from government for purposes unrelated to cattle farming, including the purchase of luxury condominium units in Bangsar and Singapore as well as land in Putrajaya.
Police recommended last month that the Attorney-General (A-G) charge NFCorp’s directors with criminal breach of trust, but the A-G has asked the police to conduct further investigations.
MORE TO COME
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