March 19, 2012
KUALA LUMPUR, March 19 — The Public Accounts Committee (PAC) said today the National Feedlot Corporation (NFCorp) has yet to repay the RM250 million federal loan despite the repayment date being due two months ago.
PAC chairman Datuk Seri Azmi Khalid told reporters that the committee was informed of this by Finance Ministry officials who were quizzed on the the cattle-breeding project.
“The first instalment (repayment) was supposed to be in January this year,” Azmi said.
MORE TO COME
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