National Feedlot Corporation has given two powerful reasons why there should be a RCI into the “cattle condo” scandal focussing on the role and responsibility of Muhyiddin as Agriculture Minister who approved the RM250 million loan project before 308 “political tsunami”
Lim Kit Siang
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?
written by guests, January 18, 2012 21:21:24
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written by Pegasus, January 18, 2012 10:04:53
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written by astroace, January 18, 2012 09:40:31
Those from the medical line or related services should not profit excessively as to cause extra burden to those already suffering. The profit earned is not worth the sufferings you and your family will go thru later in life or the after.
This is 2012, the year when everybody is very stressful due to the increase in gravitational pull of the 5 planets. Everybody should change and make life easier for one another.
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written by casper, January 18, 2012 04:16:19
It didn't hit me then but clearly, the woman needed the pills and two, she couldn't afford the strip of 10 (I think that is the lowest denominator packaged) and hence had to buy it loose like how smokers buy 1-2 sticks from the mamak stall but here's the clincher - before legislation that decree all medication/drugs must be sold packed (and not loose), medication was cheaper but today, rumour has it (I'm not sure) Mahathir's sis-in-law or some family member has the contact to package and sell that sticker that certifies the product legit.
I'm sad and angry that it is such add-on's that contribute to a rise in cost-of-living, many a time unnecessary that becomes an added burden to an average wage earner. The lady in question paid RM$1/Panadol for a grand total of $4, which I feel is excessive profit to the mamak when my step mum buys it at 2-3 sens in 50's or 100 unit, loose and not packaged. Yes, Panadol is ridiculously CHEAP and yet I witnessed this woman, clearly sick but having to pay the going rate just because she couldn't affford better.
Don't want to come across as a bleeding heart pacifist but the woman deserves better, like all M'sians do. Heck, really time to boot UMNO out and my solemn promise to all out there - we would all be better off, really.
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written by casper, January 18, 2012 03:54:15
And think for a moment the consequence of that action because soon after we consumers are able to put away NFC, Dr.Salleh, Sharizat and kids, market forces kicks in minus all of the UMNO tax, toll and licensing imposed, we would be able to enjoy air-flown chilled meat at a lesser price than what NFC has to offer currently.
Mind you, same goes for many more consumerables currently subjected to add-on's, tariff's imposed - just so those UMNO cronies get their cut. From cars down to medication consumed, UMNO has long held M'sians to ransom.
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