The National Feedlot Corporation (NFC) has today given two powerful reasons why there should be a Royal Commission of Inquiry into the RM300 million “cattle condo” scandal, focussing on the role and responsibility of Deputy Prime Minister, Tan Sri Muhyiddin Yassin who was the Agriculture Minister who approved the RM250 million loan project before the “308” political tsunami.
The company declared today that its contract for its RM250 million loan from the government was signed in 2007, disputing the Public Accounts Committee’s (PAC) earlier claim that the company had received the sum before the contract was signed.
NFC said the loan agreement between the government represented by the Ministry of Finance and NFC was signed on December 6, 2007, and not in 2010 and that the first drawdown of RM7 million was in January 2008 “in compliance with proper procedure”.
It claimed that beginning this year, NFC “will start serving its loan repayment as stipulated in its loan agreement”.
The NFC statement, confirming that the decisive events of the “cattle condo” scandal, viz, the award of the NFC project on 27th October 2006, the signing of the RM250 million loan agreement with 2% interest on December 6, 2007 and the first drawdown of RM7 million in January 2008 all took place before the March 8 “political tsunami” when the Minister responsible was none other than Muhyiddin.
It provides powerful reason why there should be a Royal Commission of Inquiry into all the “horror stories” of the RM300 million NFC “cattle condo” scandal but also to focus on the role and responsibility of Muhyiddin as the Cabinet Minister who should personally and directly be responsible for the scandal.
Let the RCI answer the question: Who else apart from Muhyiddin should bear the full and final responsibility for the NFC “mess” where the objective of the project on cattle production to boost the nation’s beef self-sufficiency could go so wrong as NFC not only failed to meet this target, the RM250 million 2%-interest soft loan had been diverted not only to buy two luxury condominiums in Bangsar and a luxury condominium in Singapore but also for many other dubious transactions.
The NFC statement today also reminds Malaysians that the Public Accounts Committee has been acting in a most unusual manner, as apart from its initial meeting, it had failed to carry out full investigations into the “cattle condo” scandal to be able to present a report to Parliament when it meets on March 12 – although it is the No.1 scandal of the day!
Malaysians are entitled to know why the PAC is behaving in so tardy a fashion, giving the impression that the PAC is avoiding from coming to grips with the issue. Can PAC submit its report on the NFC scandal to Parliament by March 12?
It is not a RCI thats required now, rather should be made Opposition’s main policy platform for anti corruption. The Opposition gets my vote if the C4 murder, MACC’s abuses, NFC, MAS and Port Klang scandals are fully investigated. That is, we want results. That is all I want , for now. It is time that we should fear no more. Even dictators such as Gadaffi and Mubarak are not invincible. We should not let another Sabah style of anti anti-corruption. There was not a single corruption conviction post Tun M and Harris.
All I want 4 Christmas is my 2 front teeth …..
All I want 4 2012 is 2 hv UmnoB/BN kaki investigated 4 their corrupt n sinful acts
Obviously not only Moo involved, sleepy AAB too
Dis is really Hey diddle diddle
The Cow jumped over Moooo
Srzat n family ran away with rakyat’s $$$$$
When NR n RM in Tanjung City Marina, Penang, on 24.1.12 4 Pg BN’s CNY open house, mari mari rakyat semua pergi – go meet NR n RM, REMEMBER 2 ASK them:
HOW got $$$ 2 buy very expensif handbags 1?
Y so much $$$ given 2 COWwitch’s family 1?
Got $$$ 2 give aaah, U rub me, I rub U lor
Kit:
We now have an open admission that the Implementation Agreement was signed in 2010. The Implementation Agreement is not very different from any concession agreement; it sets out the rights and the obligations of both parties – NFC and the Government. To disburse funds prior to the execution of the Implementation Agreement is akin to a lender disbursing a housing loan before the charge on the property is lodged or perfected.
Of course the Government of the day can waive the need for the Implementation Agreement prior to the disbursement of funds, but this flies in the face of all logic. I know many Treasury solicitors and they are not fools. It would have taken an extremely huge “cable” to approve a waiver of this magnitude.
Push for the RCI – I think that’s the only way we will know what really transpired to effectively cheat the rakyat’s money.
You can give ten more reasons and still the Govt will ignore.
How to catch a crook with crooks still depending on each other?
Just vote them out….but it is all these exposures that wake up young new voters…who will do researches and make up their own minds.
It is thee mart Malaysians that Najib and Mahathir know..it’s the end of the “N” of RAHMAN.
Mamak ended UMNO.
Tunku Abdul Rahman will end UMNO b.
///Dr Mahathir also lambasted Anwar his former deputy in government and the latter’s opposition pact for urging the prosecution in Sodomy II against appealing the court’s not-guilty verdict He pointed out that if the High Court had convicted Anwar of the crime the Opposition Leader would have likely appealed his case to the Court of Appeal and subsequently to the Federal Court and Special Court to reverse the decision///–Malaysian Insider at http:///www.themalaysianinsider.com/malaysia/article/dr-m-asks-if-pakatan-wants-to-legalise-sodomy
The Sodomy II trial should have been thrown out of court years ago had the judge decided as he did that the evidence were not acceptable. Having gone through the whole process to find eventually that information that was available long ago was pivotal the accused has been unnecessarily harassed. If the Attorney General chose to appeal the non-guilty verdict, the Court of Appeal and the Federal Court would have no other convincing evidence but to return to the same decision. Thus the AG would be misusing the judiciary process if the government appeals. The citizens of Malaysia do not wish to see the government politicise the legal process and that is why they urge the prosecution not to do the wrong thing.
///“But when Anwar was found not guilty as there was no corroborating evidence the right of the victim to appeal was disputed “Does our country’s opposition leader have special privileges in that justice only occurs when he is found not guilty ” Dr Mahathir wrote In the “history of Malaysia’s judiciary” ///–Malaysian Insider
If Mamakthir considered the victim was Saiful Bukhari Azlan then he had the most confused mind. Saiful was not a witness to a rape case, and so he was not a victim. Saiful could not be accorded the authority of the AG just because as a witness he did not agree with the verdict.
/// “Is a victim of lesser status in this country not entitled to justice to a point where he cannot appeal to be heard in a higher court. ..Does the refusal of the opposition leader to swear in a mosque and during trial in court have no meaning especially to Muslims while the oath sumpah laknat of the victim is disregarded ” he(Mahathir) added.///– Malaysian Insider
This is an example of how Mamakthir twists fact. How could Mamakthir be confused to consider Sodomy II anything but a case between the government and Anwar? Mamakthir chose to argue that Sodomy II was a trail between Anwar and Saiful by calling the witness a victim.
Mamakthir knows very well that the ‘secular’ court does not accept swearing as undisputed evidence and yet he criticised Anwar for not swearing as Muslim. If the government chose to give any weight to Muslims taking oath as evidence then the trial ought to have been carried out in a Syariah court as Anwar would be entitled to. In a Syariah court Anwar would have no case to answer since the government could not produce four adult eyewitnesses. Obviously Mamakthir did not choose Syariah trial for Sodomy I.
Pls dig out more shits from this Cow Gate, the more you get, the more voters will vote against Umno!
So is the issue on the toll, pls make it a hot topic fast. The unfair collection of the toll from using our highway is affecting most voters’ purse!
You always get thew good news…from those corrupted idiots that in fact warrant for a team of Royal Commissioners to investigate and dig out all the truths.
Leave that to a crooked government…it is always good news with no corruptions detected.
Enough of that and wasting our time and money.
Why afraid of RCI ?
Najib should be the first to suggest and agree to it.
It really shows that just before any GE, cash is distributed to buy votes as well as to swell one’s pocket! In the little dot south, it would take their PM 45 years to earn what the cow-gate operator make within less than a term! I have commended to a Singaporean who was indeed so abti-Lee family that he would curse and swear on their salaries. I told him to consider this fact: Malaysian Minister earn some rm$30,00 a month but the family is worth billions when he retires! Indeed the Sinapore’s Ministers are actually very cheap in every sense of the word!!
/// “I don’t think the move would negate Proton’s status as the national car manufacturer. To us, Proton is still the national automotive manufacturer as it is still in the hands of the Bumiputeras”///–MalaysiaToday
What does the status of a national enterprise entail? Does it mean that a company with the national status attached is entitled to bail out? Is there a law in the country which says that enterprises owned by Bumuputras are considered national enterprises? If national car manufacturer is entitled to bail out, does Muhyiddin suggest that other enterprises owned by Bumiputras would also be entitled to bail out.
NEP aims at removing poverty but it has been misused to create Bumiputra companies. Muhyiddin now claims that an enterprise owned by Bumiputras retains national status. It was bad that NEP has been utilized by UMNO to divide the nation rather than uniting it. Now Muhyiddin divides corporations into Bumiputras and non-Bumiputras.
Is Najib changing 1Malaysia into 1Bumiputras?
This NFC fiasco is now so exposed that UMNO is in retreat mode and the operators, namely Dr.Salah, full of contradictions.
He is on record trying to teach us (especially the business community) how to such eggs. He terms losses as “negative cashflow” and further on explain that the business is relatively young and hence, not unsual for the business to suffer losses initially.
Also, being new and unexperience, travel expenses have been on the high side in quest to seek contacts, networking and know-how ie Australia (but what about the mini-haj trip made I wonder).
The man pleas ignorance, inexperience and all teething problems setting up NFC and yet pays himself RM$100,000 plus use of corporate plastic.
Truth be told, M’sia is not a cost effective country to grow cattle – if it were – I’m certain others would have pursued the venture long time ago.
I’m not trying to discourage anyone interested but let’s call it what it is – the NFC looks ‘plausible’, especially on paper but deep down, it was always going to bleed red ink but such is the various UMNO business caper M’sian’s have gotten use to ie Badawi’s notion of M’sia as a world class tuna producer spring to mind but lost count of the many millions sunk in that venture.
All Soilek wants for Chinese Near Year is Angela Yam
All Ah Jib Gor (aka Ah Jib c4) is Al-Tantuya
http://malaysiakini.com/letters/186829
If we have “Save Water” and “Save Electricity” campaigns which we as the people must take very seriously, can we as a nation afford not to have a “Save the People’s Money” campaign?
A 250 million company..set up to rear cows.. using credit cards to pay salaries and purchase?
Buy RM10 million condominium ……..not buy cows?
These two weird ways of managing RM250 million is enough to get MACC raid and act. .
As long as fish fishes are involved…cover ups at all cost.
First get Shahrizat as the one and only corrupted suspect…exactly like Ling Liong Sik…the chosen stool pigeon and others like Najib… Mhuyiddin and Mahathir…must be protected at all cost.
That’s gangster’s law….all steal but some will need to take the blame..if found out..protecting the gangsters bosses with their lives.
Afterall..the master minds are the ones that make Shahrizat and Ling became filthy multi millionaires….and if don’t obey..whole family will be in deadly trouble.
///Hishammuddin: People willing to wait for reforms
Nigel Aw | 8:08PM Jan 17 | 30
The home minister says there’s a need to balance between national interest and national security, rights and freedom, and this takes time.///–Malaysiakini
Yes, people are awaiting to kick BN out in the coming GE 13. We have no choice but be patient.
National interest can never be compromised and it cannot be balanced. It is an excuse for the government to deny people their right which neither harm national interest nor compromise national security.
http://www.themalaysianinsider.com/malaysia/article/ex-minister-claims-bn-bought-votes-with-cash/
Why is dis mamak spilling the beans on his own party? Angry because he was not given Rm300 million to set up the National Feedlot Corp?
///Why is dis mamak spilling the beans on his own party?///
Though professing always an UMNO man and was a minister during Dr Mahathir’s time, he is by comparative standards “clean”, on of the old timers who looks nostalgically at the ‘glory’ of UMNo during Tunku’s time when people, according to him, even if they “took”, took only 3% instead of 300% nowadays. Even today he lives modestly (he hasn’t gathered a nest), only dresses immaculately, and impresses me as a onetime minister who genuinely took pride in ensuring that the Ministry of Tourism performed. I don’t intend to praise but just giving his fair due here.
When Tommy Suharto was accused of corruption> his reply: when Americans could be paid as consultant, why couldn’t I be one too? in this case without my consultancy, your project won’t take off. Likewise, the UMNOputras hold the same thought; without me, you can’t invest. With me, SEMUA nya BOLEH! So the instances of those pioneering companies getting renewal for pioneer status year in and year out was a common practice: they did their homework on the next 5 years against the cash for renewal! Presto, it is renewed with the introduction of more ‘ modern and sophisticated machines’!!! Of course, the Japanese were meticulous in their homework, Who lost out? Malaysians of course with the taxes being converted into commission to help out the applicants! In this manner the Super-Ego happily applied Thatcher’s philosophy of privatization only that he changed the practice into piratization with the sole aim of burdening the average Malaysians with more costs to bear! Would this practice ever change? There is only one way to ensure change: and we all know it!
Abdul Kadir, ex-info min in bow tie, is spilling beans all over. He too was involved in “bombing”, those days. Well, he said so himself. But at least he has the guts to come out to say it now. People would be less angry with him, I am sure. Even criminal judges in general are more symphatic towards wrongdoers who confessed.
Corruption exist then as well as now. After all it was started by dr mamak. In the earlier years corruption was no so rampant like today. Then, corruption was treated as an under the counter transaction. Today, corruption payment is being made openly as commission payment under duly signed agreement; and the right to received such payment is seen as an inalienable and unquestionable ketuanan right. Perhaps abdul kadir’s conscience could not take this rot.
The fact that they have assigned those who were partly responsble for the problem in the first place is a tried and tested way of damage control by UMNO/BN hegemonism.
The fact that Najib opts for damage control rather than decisive action shows how out of control Najib’s administration is and have no clear direction especially for the rakyat. Najib clearly is scrambling – his desperation showing more and more often in his speeches and actions.
At the same time, he is dumping the thing to his deputy who he knows don’t want it showing his political capital in UMNO/BN is used up very very significantly.
All we need now is some bad news from abroad – be it economics or investigation into Scorpene and its time to split UMNO/BN wide open like and over-riped durian..
Former Tourist minister was call to give her statement on the accusation reported in the on line portal that she has received 300k from a businessman, but the strange thing was that the MACC director was also as fast as it be to say that all are fine and they are happy with her explanation. As usual over a cup of tea or coffee seem all it fine. but not for the poor TBH.
So it seem what is ever it is there is also two system apply. the script is the same and it play over and over each time. the same apply for NFC
If all UMNO leaders ‘have problems’ according to Shahrizat, we will need to have quite a few, perhaps permanent, RCIs to investigate all their ‘problems’. We might run out of investigators.
Are they still supplying beef to their Singapore restaurant or will it have to look elsewhere to source their beef?
Kit:
These clowns are still trying to run rings around us. Najib said that the Cowgirl has taken 3 weeks leave. It was reported today that she had attended a Wanita UMNO gathering yeterday, and had told the delegates that “if they love her, they should forget about the NFC”.
Keep up the pressure on Moo, and I don’t mean the cows in Gemas or in the condos. When the story first broke, two persons came immediately to the defence of Shahrizat. One was KJ, a fourth floor boy when the project was approved, and the other was none other than Moo, the minister in charge when the project was approved. I’m certain both have played prominent roles in this project, and we need to find out what roles they played in the disbursement of the funds.
Don’t forget AAB too …… we know what they did a few summers ago …….