Friday, December 09, 2011

The National feedlot Corporation debacle.

One wonders how a govt could approve a project to a serving minister's husband without being in breach of conflict of interest. The national feedlot Corporation (NFC) project was launched with the expectation of increasing the supply of beef but from the onset it was slated to be a failure for the simple reason it was given to a novice with no experience in the industry. For obvious reason, the project was not given to Mohd Salleh, the husband of Sharizat, because of his expertise in cow rearing but  more so because of Sharizat's position as UMNO' wanita chief.
The project value was not a paltry sum. Two hundred and fifty million (250) in the guise of a soft loan at 2% interest with no fixed repayment period was given to the husband of Sharizat. The matter only came to light when the Auditor-general reported that the project was in a 'mess'. The subsequent revelation by PKR's strategy director, rafizi Ramli that the money allocated for the cow project was being used to buy condos, mercedes car and land at Putrajaya.
When confronted with the allegations, her reply was that it was her husband's business and she had no interest in the project..
Malaysians have a right to know why taxpayers money given for a cow rearing project was used for other investments than the ones intended for.If at all, MACC should investigate whether any criminal breach of trusts was involved in the use of money for other purposes. In fact it was later revealed that  money was even spent on family holidays and the performing of the Haj.
Najib, as the leader of the govt should not sweep the matter under the carpet. He should order a proper investigation of how the loan was approved and given to Sharizat's family. Was she involved in the cabinet decision or was it solely the approval of the Agriculture Minister , the present Deputy Prime minister .The NationalFeedlot corp. debacle will bear the hallmark of the govt's badge of corruption, cronyism and a national shame for the govt that is seeking another term in office .

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