PKR claims NFC funded RM10m Shahrizat family condo

By Shannon Teoh, The Malaysian Insider

The National Feedlot Centre (NFC) paid for a RM10 million condominium belonging to National Meat and Livestocks Corporation (NMLC), a company wholly-owned by Datuk Seri Shahrizat Jalil’s family, PKR said today.

Its secretary-general, Saifuddin Nasution, said the luxury apartment at One Menerung, Bangsar, was recorded by NFC, a cattle farming project managed by the minister’s family, as part of a RM83 million “loan” to NMLC.

“They said the RM250 million loan for the project was in a tightly-controlled account. Is the condominium for cows to live in?” the Machang MP told a press conference in the Parliament lobby.

Umno Youth chief Khairy Jamaluddin had said yesterday that funds from the soft loan could only be drawn after NFC tables a working paper and is approved by the finance ministry.

Minister of Agriculture and Agro-based Industry Datuk Seri Noh Omar also said that only RM135 million had been drawn by the NFC as the funds have been placed in an escrow account.

PKR also alleged on Tuesday that over RM84 million was siphoned off from NFC to companies controlled by Shahrizat’s husband, Datuk Dr Mohamad Salleh Ismail, and her children, Izran Mohamad Salleh and Izmir Mohamad Salleh.

Saifuddin said today that the RM9,758,140 was transferred from NFC’s CIMB account in Taman Tun Dr Ismail, Kuala Lumpur to Bandar Raya Developments Berhad on December 2, 2009 as full payment for the property.

“It was not from a special trust account. So the Umno Youth chief and minister’s explanations are false.

“If strict monitoring had occurred, surely RM9.8 million cannot be transferred to buy a luxury condo that has nothing to do with cattle farming. This is a clear breach of trust by Shahrizat’s family,” he said.

He also questioned Khairy’s defence of the project, asking if the “Rembau (MP) was involved in approving the project” in 2006 “when he was a powerful Fourth Floor Boy” under his father-in-law Tun Abdullah Badawi’s administration.