We refer to multiform erroneous headlines reports upon National Feedlot Corporations Sdn Bhd following events with a Auditor General as well as a Public Accounts Committee recently.
Please concede us to explain upon three concerns.
First,the Auditor-General (AG) does not audit in isolation limited companies incorporated underneath a Companies Commission of Malaysia. The AG clarified this in his media statement of 25 January 2012 which a Jabatan Audit Negara (JAN) had audited a Pusat Fidlot Nasional (PFN) / National Feedlot Centre (NFC), a plan underneath a Ministry of Agriculture as well as Agro-Based Industry. The AG had settled which a JAN did not audit National Feedlot Corporation Sdn Bhd (NFCorp), a company.
(http://www.audit.gov.my/index.php?option=com_content&view=article&id=104&Itemid=108&lang=ms).
Second,the claims by Rafizi Ramli upon allegations of abuse as well as mismanagement in a association after irregularities were pointed out in a final Auditor-General's audit report, is improper as well as false. As reliable by a AG, NFCorp was never audited. Rafizi misled a media as well as public with his statements tantamount to 'absolute fitnah' upon NFCorp.
Third,the directors of NFCorp wish to explain which they had not purchased luxury properties from a supports of a supervision loan. Nor had a directors leveraged from it. Rafizi's claims which loans were taken for eight bureau lots at KL Eco City based upon this premise, is positively f! alse. Th ere has been no abuse whatsoever. No loans have nonetheless been taken for KL Eco City. The documents distributed by Rafizi were for other in isolation loans taken for properties in Phileo Damansara as well as Plaza Damas in 2005 as well as 2008, multiform years before KL Eco City was launched for sale in 2011. They have been not continuous to KL Eco City. NFCorp was not even determined in 2005.
As for a properties in 1 Menerung, these have been a assets of a association acquired after a supervision had paid in instalments a building a whole of an Export Quality Abattoir (EQA). Clause twelve of a Loan Agreement has allowed for a purchase of properties. The properties have been tenanted with income paid without delay to a company. These properties have been not a personal nor in isolation investments of a directors.
As such, Rafizi Ramli as well as a antithesis have been not to be believed for their fabrications, distortions as well as misrepresentations.
Ghazalie Abdullah is Chief Communications Consultant for National Feedlot Corporation Sdn Bhd
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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