NFCorp: Rafizi is lying again

Company rebuffs PKR plan director's allegations which it could be guilty of income laundering.

PETALING JAYA: "Rafizi Ramli is a liar," pronounced a National Feedlot Corporation Sdn Bhd (NFCorp) today in reply to allegations which it might have flouted anti-money laundering regulations.

Ghazalie Abdullah, arch communications expert for NFCorp, pronounced a PKR plan director's ultimate allegations have been "again", "distortions as well as misrepresentations".

"Rafizi has never disclosed a full as well as accurate picture of NFCorp, as well as during best offers lies, insinuations, fabrications, distortions as well as misrepresentations," he said.

Rafizi accused NFCorp of transfering income illegally using a "middle male association all unrelated" to NFC to buy 1,275 heads of cattle from Australian company, South East Asian Livestock Services Pty Ltd (SEALS).

The "middle male company", Singapore-based Global Biofuture Pte Ltd, is owned as well as tranquil by a family of former minister Shahrizat Abdul Jalil.

However, Ghazalie pronounced which a company, tranquil by NFCorp directors, to squeeze cattle was actually determined by NFCorp.

"In assembly objectives of a core commercial operation as well as to ensure efficiencies, NFCorp determined a organisation of companies (see draft below) specialised in their particular fields.

"In appropriation a cattle from Australia, NFCorp had set up Global Biofuture Pte Ltd to undertake import logistics, squeeze of stock cattle, as well as delivery to NFCorp," he said.

'Bank Negara contingency investigate'

G! hazalie stressed which a supports used to squeeze of stock cattle were from a supervision loan borrowed from a Ministry of Finance.

"The funds, in which a loan agreement was signed upon Dec 6, 2007, from a supervision have been clean, as well as not illegal or illicit in nature," he said.

"Rafizi has regularly been upon an unwarranted attack upon NFCorp, a association only in a second year of operations in a 30-year stipulate with a government.

"He lied upon a Auditor General's 2010 Report, a KL Eco City bank loans, a 5,000 acres of land in Gemas, a series of cattle in NFC Gemas as well as most others.

"Rafizi continues to offer distortions as well as misrepresentations through insinuations, fabrications as well as lies. He is not to be believed," pronounced Ghazalie.

NFCorp was determined with a objective of assembly a Malaysian government's National Meat Policy (Ruminant Sector) 2006.

It's core commercial operation was to build a centre for prolongation of beef as well as beef products for a country.

It had been leasing 1,500 acres in a National Feedlot Centre for cattle rearing, stock supplies, feed prolongation as well as management, fertilizer prolongation as well as other associated activities.

Other activities embody sales as well as marketing of a beef products directed during making a nation excessively self-confident in beef prolongation as well as enlivening a direct for Malaysian halal beef.

Breach of AMLA
At press discussion upon Sept 11, Rafizi produced three documents, an e-mail, an invoice as well as a cheque remuneration ask which he claimed valid which it was a probable crack of a Anti-Money Laundering Act 2001.

Rafizi said: "The squeeze of these cattle worth millions of ringgit was then paid for by a National Meat & Livestock Corporation Sdn Bhd (NMLC).

"NMLC had used open supports given to NFC when a! squeeze of a cattle was made by Global Biofuture, which had nothing to do with NMLC as well as NFCorp."

Rafizi pronounced a authorities as well as Bank Negara contingency investigate Global Biofuture, as well as any serve transfer of supports involving a RM250 million supervision soothing loan given to NFCorp.

NFCorp organisation structure:

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