NFCorp: Rafizi is lying again

Company rebuffs PKR strategy director’s allegations that it could be guilty of money laundering. 

Teoh El Sen, FMT

“Rafizi Ramli is a liar,” said the National Feedlot Corporation Sdn Bhd (NFCorp) today in response to allegations that it may have flouted anti-money laundering regulations.

Ghazalie Abdullah, chief communications consultant for NFCorp, said the PKR strategy director’s latest allegations are “again”, “distortions and misrepresentations”.

“Rafizi has never disclosed the full and accurate picture of NFCorp, and at best offers lies, insinuations, fabrications, distortions and misrepresentations,” he said.

Rafizi accused NFCorp of transfering money illegally using a “middle man company totally unrelated” to NFC to buy 1,275 heads of cattle from Australian company, South East Asian Livestock Services Pty Ltd (SEALS).

The “middle man company”, Singapore-based Global Biofuture Pte Ltd, is owned and controlled by the family of former minister Shahrizat Abdul Jalil.

However, Ghazalie said that the company, controlled by NFCorp directors, to purchase cattle was actually established by NFCorp.

“In meeting objectives of its core business and to ensure efficiencies, NFCorp established a group of companies specialised in their respective fields.

“In acquiring the cattle from Australia, NFCorp had set up Global Biofuture Pte Ltd to undertake import logistics, purchase of livestock cattle, and delivery to NFCorp,” he said.

‘Bank Negara must investigate’

Ghazalie stressed that the funds used to purchase of livestock cattle were from a government loan borrowed from the Ministry of Finance.

“The funds, in which a loan agreement was signed on Dec 6, 2007, from the government are clean, and not illegal or illicit in nature,” he said.

“Rafizi has always been on an unwarranted attack on NFCorp, a company only in its second year of operations in a 30-year contract with the government.

“He lied on the Auditor General’s 2010 Report, the KL Eco City bank loans, the 5,000 acres of land in Gemas, the number of cattle in NFC Gemas and many others.

“Rafizi continues to offer distortions and misrepresentations through insinuations, fabrications and lies. He is not to be believed,” said Ghazalie.

NFCorp was established with the objective of meeting the Malaysian government’s National Meat Policy (Ruminant Sector) 2006.

It’s core business was to build a centre for production of beef and beef products for the country.

It had been leasing 1,500 acres in the National Feedlot Centre for cattle rearing, livestock supplies, feed production and management, fertiliser production and other related activities.

Other activities include sales and marketing of its beef products aimed at making the country self-sufficient in beef production as well as encouraging a demand for Malaysian halal beef.