Everyone linked to NFC as witnesses in Shahrizat suit

 

 

PKR leaders Zuraida Kamaruddin and Rafizi Ramli pledged today to call all those who have issued statements on the National Feedlot Centre (NFC) scandal as witnesses should Datuk Seri Shahrizat Abdul Jalil proceed with her RM100 million defamation suit against them.

The duo, who have been leading the series of exposes against Shahrizat and her family’s alleged involvement in the scandal, also confirmed that they will file their statement of defence in respond to the minister’s suit in court this Friday.
“Rafizi and I have discussed in depth our defence strategy should Shahrizat’s suit proceed after the court hears our submission on Friday,” Wanita PKR chief Zuraida told a press conference today.

The Ampang MP expressed confidence that should the suit proceed and Shahrizat is called as a witness, the minister would have to reveal how she has personally spent time in the luxury condominium units her family allegedly purchased with NFC funds.

“This raises the question on whether she truly does not know her family had abused public funds to purchase properties for personal use, as she mentioned in her statement of claim.

“I am confidant Malaysians are eager for this case to go to trial so that all senior Barisan Nasional (BN) leaders can be dragged in to give their statement,” Zuraida said.

On February 17, the High Court ordered Rafizi, PKR’s strategic director, and Zuraida to respond to Shahrizat’s RM100 million defamation suit over the NFC controversy.

The women, family and community development minister had filed the suit against them on January 19 for alleging she misused a federal loan meant for the cattle-raising scheme.

Shahrizat’s suit comes after months of allegations by PKR that she abused millions in federal funds earmarked for the NFC to pay for personal expenses incurred by her and her family.

The cattle-raising scheme is headed by Shahrizat’s husband, Datuk Seri Mohamad Salleh Ismail, and their children.

The publicly-funded project, which hit national headlines following the Auditor-General’s Report last year, has continued to hog the limelight after it was linked to Shahrizat’s family.

The former Lembah Pantai MP has so far refused to heed calls from both the opposition and several Umno leaders that she resign over the allegations of abuse.

Earlier, de facto law minister Datuk Seri Nazri Aziz said the National Feedlot Corporation (NFCorp) operated by Shahrizat’s husband and their three children had committed criminal breach of trust by using the government loan meant for cattle farming to fund other purchases.

PKR has made several claims of abuse over NFCorp’s federal loan, involving over RM62 million spent on land, property and expenses unrelated to cattle farming.

 

 

 

comments

 

 

It would be a terrible blunder for Shahrizat to take legal action against Rafizi and Zuraidah. It looks like Najib, Muhyiddin, Pak Lah, Khairy, Noh and all the top guns in UMNO would have their day in court. This is disaster in the making for UMNO. With so much of revealation it is only right from Shahrizat to withdraw this case and get lost from the political arena. It is a dragging shame that this case is not closed. What role did the Prime Minister and his Deputy play in this cow scandal?

Charge this woman and her family + friends + cronies and make them pay back every sen + daily compound interest at - say 0.15% per day! Teach them all a lesson!

How did she becomes a Minister of Family Affairs when she claims she don't even know about her own Family?...ha,ha,ha. Living luxuriosly with her family but does not want to know where all the money comes from. Does harbouring a thief not a crime in this country or just because she is a minister?.

NFC funds used as leverage for property purchases

 

 

PKR today unveiled bank documents that allegedly show how Datuk Seri Shahrizat Abdul Jalil’s husband and children had leveraged off NFC (National Feedlot Centre) funds to obtain personal loans for luxury properties.

PKR strategic director Rafizi Ramli also alleged that Shahrizat’s family members, who run the National Feedlot Corporation (NFCorp), had parked portions of NFC’s millions in two banks as fixed deposits.

This, he explained, was to help them obtain “credit facilities” from the said banks in order to purchase a series of high-end properties.

Among others, Rafizi confirmed that the purchases include the nearly RM10 million condominium unit at the posh Orchard Scotts Residence in Singapore, and today’s latest expose — eight shop office units at the luxurious KL Eco City development in Bangsar, near here.

The eight units, he said, have a current estimated market value of RM12 million.

Rafizi alleged that prior to 2009, Shahrizat’s family — husband Datuk Seri Mohamad Salleh and their three children — had made similar purchases for personal reasons by directly tapping into NFC funds.

“They had some consultants come in and were advised to use the money market to make these purchases,” he said.

 

According to documents from one bank, which Rafizi said were provided by a whistleblower, NFCorp directors made two deposits totalling RM71,486,589 (RM71,395,617 and RM90,972) under the company’s name and another deposit totalling RM1,872,254 under National Meat and Livestock Corporation Sdn Bhd, a company also owned by members of Shahrizat’s family.

Two other documents showed that her family members had obtained a credit facility worth RM197,338 under another company they purportedly own called Agroscience Industries Sdn Bhd; a RM4,391,240 loan for a property purchase; and that Mohamad was named as guarantor for another loan of RM663,743.

This, Rafizi said citing the documents, was despite the fact that Mohamad only has RM421 in savings in the account while Agroscience has RM927.

He said further checks with bank documents not revealed to the press today showed that the funds were channelled into the purchase of the eight KL Eco City units, which have a forced sale value of RM9,688,866.

“But the forced sale value only refers to the value of the property during auction and is lower than the actual market value. Based on the current market value for KL Eco City units, which is between RM1,000 to RM1,100 for each sq foot, PKR estimates the total market value for eight units at RM12 million,” said Rafizi.

The PKR leader also said according to payment records for the said loans, Shahrizat’s family members had defaulted in the months of July, August and December last year.

In view of this, he said, it is not known if their failure to service the loans would have a direct affect on NFC’s funds, which are meant to finance the cattle-raising project.

“We need to know what arrangement there is between NFCorp as the company and the directors... whether if they have trouble servicing their loans, how would this affect NFC’s funds,” he said.

 

 

 

 

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1. PKFZ RM12bill
2. Submarine commission RM500mil.
3. Sime Darby RM964mil.
4. Paya Indah Westland RM88mil.
5. Posmalaysia (transmile) RM230mil lost.
6. Eurocopter deal RM1bil wasted?
7. Terengganu Stadium Collapsed RM292mil.
8. MRR2 repair cost RM70mil.
9. Maybank Overpaid BII RM4bil.
10. Tourism -NYY kickback RM10mil.
11. 3 paintings bought by MAS—————– RM 1.5M.
12. Overpayment by Sport Ministry————- RM 8.4M.
13. London 's white elephant sports complex —- RM 70M.
14. MATRADE repairs ————————– RM 120M.
15. Cost of new plane used by PM————– RM 200M.
16. InventQ irrecoverable debt —————- RM 228M.
17. Compensation for killing crooked bridge —– RM 257M.
18. Lost in selling Augusta ——————— RM 510M.
19. Worth of AP given out in a year ———— RM 1.8B.
20. Submarines (future Muzium Negara artifacts)- RM 4.1B.
21. PSC Naval dockyard ———————— RM 6.75B.
22. The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion loss (RM3.2 billion in 2008 ringgit).
23. The Maminco attempt to corner the world tin market in the 1980s is believed to have cost some US$500 million. (RM1.6 billion)
24. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s.
25. Perwaja Steel resulted in losses of US$800 million (RM2.56 billion).
26. Use of RM10 billion public funds in the Valuecap Sdn Bhd operation to shore up the stock market.
27. Banking scandal of RM700 million losses in Bank Islam.
28. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM 348 million) Same as No:20?
29. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007.
30. For the past 10 years since Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million.Hiring a kwai-lo CEO with salary of more than RM1 M per annum!

These days, we are hearing misappropriate of public funds, corruption, court cases settlements...in millions and millions of ringgit, so much so that the ordinary rakyat become so used to such denominator and take it for granted that is just another normal statistic and forget about it after the huha the next day. Just how much money is 1 million ? The folllowing computation will make you gape in surprise.
Supposing you are among the 5% of Malaysian who earn RM10,000 per month. Supposing that you keep every single sen you earned after EPF and income tax contribution. It will take you slightly more than 10 years to accumulate the RM 1 million we are talking about. And RM 1 million is just of fraction of money that fell into the corrupted polititians.