It wasexposed by The Malaysian Insider (TMI)that a police have been investigating a actuality which a directors of National Feedlot Corporation (NFCorp) has used partial of a RM250 million supervision soothing loan to squeeze an "apartment" in Kazakhstan. The unit is pronounced to be worth RM1.7 million.
What fact can there be right away from NFCorp for such a purchase, which is understood to be an "all-cash" transaction? Does a association even have any idea about a cattle attention in Kazakhstan, which is sanctified with large tracts of a Central Asian Steppes or grasslands? Are you planning to trade beef to Kazakhstan or have been you planning to buy meat from them?
If a TMI inform is indeed accurate, afterwards there was "a chit of understanding (MoU) was inked in Jun 2011 between NFCorp as well as a Jambyl district of Kazakhstan to lift cattle for trade to Malaysia as well as beside countries."
While there is nothing alone wrong with cattle imports as a business in Malaysia, a role of a RM250 million supervision loan is obviously not intended for such purposes. The role as privately tangible in a loan agreement is to establish as well as operate "a National Feedlot Centre to be unchanging with a Government of Malaysia's process of developing, compelling as well as nurturing a prolongation of beef as well as beef products"
Based upon a loan agreement, NFCorp is certainly not meant to be acquiring meat from Kazakhstan, much less buying an "apartment" there.
We call upon NFCorp to come clean ! upon a K azakhstan skill squeeze as well as endorse if a inform by TMI is true. In open interest, a following questions contingency be answered:
If NFCorp refuses to answer a on top of questions, afterwards certainly Datuk Seri Najib Razak, as a Minister of Finance as well as a ruling authority over a RM250 million soothing loan contingency certainly respond over a preposterous scandal. Datuk Seri Najib Razak contingency endorse if any approval has been given to NFCorp to acquire an "apartment" in Kazakhstan, either a Ministry of Finance endorses such an merger as well as what actions will be taken by a Ministry to strengthen a interest of Malaysian tax-payers, if indeed such an merger is deemed rarely improper.
The Prime Minister has no right to speak about "transformation", "fighting corruption" as well as finale "political patronage" if he does not even have a steel as well as ability to act difficult upon those who abuse power. Malaysians have been entirely disappointed which a NFCorp scandals have only grown in distance as well as incredulity over a past 6 months as well as nonetheless do not see an finish in steer with a Government taking any decisive action. - tonypuablog Read More @ Source
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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