'No breach of trust' in NFC condo purchase, court hears



There was "no crack of trust" in the diversion of the RM250 million supervision soothing loan from the National Feedlot Centre plan to the alleged squeeze of the condominium unit in Bangsar.

NONEMaintaining this underneath interrogate in the Kuala Lumpur High Court today, ex-minister Shahrizat Abdul Jalil pronounced she disagrees with the claim finished in Parliament progressing this year by de facto law apportion Mohd Nazri Abdul Aziz.

In pursuing the RM100 milliondefamation suitagainst dual PKR leaders, Shahrizat pointed out which Nazri is not the agriculture as well as agro-based industries minister.

"No, we do not determine with (Nazri's) statement. We have to see either there were any legal instruments," she said, replying lawyer Ranjit Singh.

Legal instruments would include any written agreement in between the plan manager National Feedlot Corporation (NFC) as well as the supervision over the use of the loan.

NONERanjit is representing PKR strategy director Rafizi Ramli(photo). The alternative respondent is PKR women's wing head Zuraida Kamaruddin.

More than RM! 80 milli upon of the soothing loan had reportedly been transferred to National Meatworks as well as Livestock Corporation Sdn Bhd, which is owned by members of Shahrizat's family.

This income was allegedly used to squeez! e the un it in the high-end OneMenerung condominium in Bangsar, Kuala Lumpur.
Ranjit:One of the issues faced is which NFC transferred over RM80 million to NMLC?

Shahrizat:Yes

Ranjit:Was your father was charged associated to this issue?

Sharizat:Yes

Shahrizat concluded which NFC directors enclosed her husband, as well as her three young kids whilst NMLC is owned by her father as well as children.

These issues were raised in council ensuing in Prime Minister Najib Abdul Razak, his deputy Muhyiddin Yassin as well as Agriculture as well as Agro-based Industry Ministry to having to reply to associated questions from BN, antithesis as well as independent MPs.

The Umno Wanita chief also concluded to suggestions finished by Ranjit which when the PM comments upon the NFC matter, it had combined the brand new dimension upon the emanate being of outrageous open interests.
Not my business

The former apportion was afterwards shown official association searches finished upon the NMLC as well as NFC, to which she concluded which the NMLC was wholly owned by her family where her father as well as three young kids have been the directors.

"However, we did not have it my commercial operation to know what it is. we knew it was combined but we did not have it my commercial operation to know," she said.

"The genuine commercial operation was never discussed. There was the restaurant. we know. But what is the commercial operation we do not know," pronounced the former minister.

Shahrizat, who had previously the chairperson of dual open listed companies, concluded with the counsel which the NFC does not have shares in NMLC as well as which the association which runs the grill commercial operation is Real Food Sdn Bhd where all the directors have been her family members.

Ranjit:NMLC does not have the single share in NFC as well as in your! experie nce, (if) NFC does not have (or own) shares in NMLC, it cannot be considered as part of NFC.

Shahrizat:I determine if there have been no alternative legal instruments, or shareholding upon record afterwards NMLC is not in the NFC group.

Ranjit:Are we wakeful of any alternative legal instruments or certitude deeds?

Shahrizat:I am not wakeful of any.

Ranjit:In the NFC there have been 7 directors, which includes your husband, your dual sons as well as daughter.

Shahrizat:! Yes.

Ranjit:The alternative have been supervision appointees as well as have been we wakeful which between them have been the house members?

Shahrizat:That we am aware.

Ranjit:Does the supervision has the golden share in the NFC?

Shahrizat:Yes correct, as well as the financial ministry has no share in NMLC.

The Umno Wanita chief however, disagreed which should the National Feedlot Centre in Gemas failed, it could jeopardise the loan repayment.

Ranjit had described NFC as the special role car for the centre to carry out the project.

"As far as we know the plan is the farm where there have been branches to these feed lots as well as if this were to fail, others might not. we do not think so," pronounced Shahrizat.
Blames Rafizi for Dr M as well as Bung comments

The former apportion concluded which there have been issues when her family was awarded with the plan as well as between them they received the soothing loan of RM250 million with dual percent interest, lower than the commercial rate, none of the directors have been given personal guarantee for the loan

"Yes, it is an emanate given as to what had been (maliciously said) by the opposition," she said, alluding to Rafizi as well as Zuraida.

Shahrizat certified there were calls from within BN as well as al! so the a ntithesis after the NFC fiasco was discovered.

Among those who pronounced which Shahrizat should resign were Kinabatangan MPBung Mokhtar Radenand former premierDr Mahathir Mohamad.

Despite the steady calls finished by them, Shahrizat pronounced she decided not to sue the two.

"I blame it upon the defendants for coming up with the slander as well as defamation. we did not feel defamed by Bung Mokhtar or Mahathir as they were behaving upon the consequence of the defendants.

"They were merely creation comments as being the responsible party member," Shahrizat said, adding which she did not feel defamed by Mahathir's statement.
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