Wednesday, June 20, 2012

Seizure of 4 NFCorp properties

The properties subject to the notice of seizure by the Attorney-General’s Chambers include two units of One Menerung condominiums in Bangsar.

THE Attorney-General's Chambers has issued a notice of seizure on four properties belonging to the National Feedlot Corporation (NFCorp).

The notice, dated June 18, was issued under Subsection 51(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, and was signed by deputy public prosecutor Anselm Charles Fernandis.

The properties subject to the notice of seizure are two units of One Menerung condominiums in Bangsar and two parcels of land in Precinct 10, Putrajaya.

On March 12, chairman of NFCorp Datuk Seri Dr Mohamed Salleh Ismail was charged with two counts of committing criminal breach of trust involving a total of RM49.7 million and two counts of violating the Companies Act.

In a statement yesterday, Bukit Aman police said the four properties had been identified as "subject matters" of the case.

Salleh was accused of banking in RM40 million into the account of the National Meat and Livestock Corporation and purchasing the two condominium units in Bangsar for RM9,758,140 in 2009 as well as for using the funds without the approval of the NFCorp's annual general meeting.

Salleh, who is the husband of former women, family and community development minister Datuk Seri Shahrizat Abdul Jalil, had pleaded not guilty to all four charges. Their children are also on the board of directors.

The NFCorp scandal first came to light in the 2010 Auditor-General's Report, which indicated that there were weaknesses in the corporation in achieving its objectives.

In 2007, the government approved a RM250 million soft loan to the corporation at two per cent annual interest to enable the corporation to start a national feedlot centre to reduce beef imports, but NFC's assets had been frozen since.

Shahrizat resigned as minister on April 8, but she remained Wanita Barisan Nasional and Wanita Umno chief.

On May 31, the Malaysian Anti-Corruption Commission cleared Shahrizat of any wrongdoing over the NFCorp issue.

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