The National Feedlot Corporation (NFC) scandal involving the family of Women, Family and Community Development Shahrizat Minister Abdul Jalil has caught the attention of Singapore media.
Singaporean daily The Straits Times on Thursday listed all four companies owned by Shahrizat’s family members in the island republic involving restaurants, food and fuel trading, investment holding and the supermarket business.
Among them is an investment holding company, Icube Investments Pte Ltd, with a paid-up capital of S$1 million (RM2.4 million).
According to the company profile obtained from the Singaporean Accounting and Corporate Regulatory Authority (ACRA), the directors and shareholders are Shahrizat’s husband Mohamad Salleh Ismail and their son, Wan Shahinur Izran.
The other three companies were earlier exposed by the opposition - Global Biofuture Pte Ltd, Meatworks (Singapore) Pte Ltd and Farmhouse Supermarkets Pte Ltd.
Daughter, two sons also directors
Besides Salleh and Izran, Shahrizat’s daughter Wan Izzana Fatimah Zabedah and another son, Wan Shahinur Izmir, are also directors of these companies.
The opposition has raised suspicion that the RM250 million government soft loan given to NFC to develop the National Feedlot Center project had been illegally transferred to other companies under their personal names.
The paid-up capital for all these four companies in Singapore is S$3.65 million, or RM8.85 million.
According to the daily, all of the companies share the same address in Clifford Centre in Raffles Place. However, it is the registered address and office of legal firm, Wong Alliance.
Malaysiakini noted that the four companies were formed soon after Shahrizat’s family secured the National Feedlot Centre project in 2007 and obtained its first drawdown of RM7 million of the government loan in January 2008.
Singaporean daily The Straits Times on Thursday listed all four companies owned by Shahrizat’s family members in the island republic involving restaurants, food and fuel trading, investment holding and the supermarket business.
Among them is an investment holding company, Icube Investments Pte Ltd, with a paid-up capital of S$1 million (RM2.4 million).According to the company profile obtained from the Singaporean Accounting and Corporate Regulatory Authority (ACRA), the directors and shareholders are Shahrizat’s husband Mohamad Salleh Ismail and their son, Wan Shahinur Izran.
The other three companies were earlier exposed by the opposition - Global Biofuture Pte Ltd, Meatworks (Singapore) Pte Ltd and Farmhouse Supermarkets Pte Ltd.
Daughter, two sons also directors
Besides Salleh and Izran, Shahrizat’s daughter Wan Izzana Fatimah Zabedah and another son, Wan Shahinur Izmir, are also directors of these companies.
The opposition has raised suspicion that the RM250 million government soft loan given to NFC to develop the National Feedlot Center project had been illegally transferred to other companies under their personal names.
The paid-up capital for all these four companies in Singapore is S$3.65 million, or RM8.85 million.
According to the daily, all of the companies share the same address in Clifford Centre in Raffles Place. However, it is the registered address and office of legal firm, Wong Alliance.
Malaysiakini noted that the four companies were formed soon after Shahrizat’s family secured the National Feedlot Centre project in 2007 and obtained its first drawdown of RM7 million of the government loan in January 2008.
The family also owns a number high-end condominiums in Singapore, including a unit in the posh Orchard Scotts (right).
In the wake of the scandal, Shahrizat will relinquish her minister's post when the term of her senatorship ends next month.
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