R. Nadeswaran
[email protected]
23 February 2012
KUALA LUMPUR (Feb 23, 2012): The National Feedlot Corporation (NFCorp) bought luxury condominiums without the approval of the board of directors. Three government representatives who sit on the board were not consulted or told about the purchase.
Alias Mohd Yassin and Manaf Hussein represented the Agriculture and Finance Ministries respectively while Datuk Mat Ali Hassan was appointed by virtue of him being the Negri Sembilan state secretary.
These appointments were made to “safeguard the interests of the federal government and stakeholders and the state government as it provided the land.”
“At no time were these directors told of the purchase of the condominiums and other so-called investments and neither were they aware of it until the matter was reported in the media,” a source close to the investigations said. Continue reading “NFCorp directors in the dark”