The Auditor General's statement yesterday, clarifying that his department's audit was on the National Feedlot Centre and not the National Feedlot Corporation (NFC) does not preclude abuse of power.
Saying this in a series of Twitter postings yesterday, PKR secretary general Saifuddin Nasution (left) said that the fact remains that the "heart of the misappropriation lies in NFC" and its subsidiaries which all belong to cabinet minister Shahrizat Abdul Jalil's family.
"The fact that the Auditor General conducted an audit on the National Feedlot Centre and not NFC (the company) does not change the fact that there was misappropriation of RM250 million in public funds," he said.
Saifuddin added that he was rehashing the facts of the case as there had been an attempt to twist it and drag the AG into the issue, saying PKR trusts in the AG's integrity.
According to the Machang MP, the registrar of companies' records show that NFC, the integrator for the feedlot project had as of Dec 31, 2009 long term liabilities amounting to RM256,082, 518.
"This means that the government loan (of RM250 million) has been channeled to NFC," he said.
Going through PKR's previous exposes on the matter, Saifuddin said NFC had then channeled RM81,222,448.93 to National Livestock and Meat Corporation, wholly owned by the family.
Some of this cash was then used to buy the two units of luxury condominiums in the One Menerung complex in Bangsar, he claimed.
He added that NFC, run by Shahrizat's husband Mohamad Salleh Ismail and their children, also transferred funds to the Real Food Company which they wholly own.
The company operates three high end restaurants.
"NFC has to clarify many things, the condominiums in Kuala Lumpur and Singapore, the land in Precinct 10 Putrajaya, the RM823,000 spent on overseas trips and the RM2,964,555 transferred to Real Food.
Saying this in a series of Twitter postings yesterday, PKR secretary general Saifuddin Nasution (left) said that the fact remains that the "heart of the misappropriation lies in NFC" and its subsidiaries which all belong to cabinet minister Shahrizat Abdul Jalil's family."The fact that the Auditor General conducted an audit on the National Feedlot Centre and not NFC (the company) does not change the fact that there was misappropriation of RM250 million in public funds," he said.
Saifuddin added that he was rehashing the facts of the case as there had been an attempt to twist it and drag the AG into the issue, saying PKR trusts in the AG's integrity.
According to the Machang MP, the registrar of companies' records show that NFC, the integrator for the feedlot project had as of Dec 31, 2009 long term liabilities amounting to RM256,082, 518.
"This means that the government loan (of RM250 million) has been channeled to NFC," he said.
Going through PKR's previous exposes on the matter, Saifuddin said NFC had then channeled RM81,222,448.93 to National Livestock and Meat Corporation, wholly owned by the family.Some of this cash was then used to buy the two units of luxury condominiums in the One Menerung complex in Bangsar, he claimed.
He added that NFC, run by Shahrizat's husband Mohamad Salleh Ismail and their children, also transferred funds to the Real Food Company which they wholly own.
The company operates three high end restaurants.
"NFC has to clarify many things, the condominiums in Kuala Lumpur and Singapore, the land in Precinct 10 Putrajaya, the RM823,000 spent on overseas trips and the RM2,964,555 transferred to Real Food.
Not in a mess
"I congratulate the AG for a job well done, the rest is up to the police and the Malaysian Anti Corruption Commission. PKR is ready to fully cooperate," he said.
Yesterday, the AG, Ambrin Buang,(right) said in a statementthat his 2010 report never said that NFC was in a mess or that there was misappropriation of funds.
He added that the audit was not on the company but on the feedlot project, which had not fulfilled its objectives, due to several reasons including the failure of NFC to meet its agreed upon obligations.
NFC executive director Wan Shahinur Izmir Salleh in a separate statement yesterday also urged the public to read the AG's report for themselves instead of being "falsely misled" by certain quarters to believe that NFC is in a "mess".
NFC had also held a dialogue with NGOs and is expected to have another round of dialogues with another set of civil society groups to explain its case.
Police and MACC are also investigating the matter.
Yesterday, the AG, Ambrin Buang,(right) said in a statementthat his 2010 report never said that NFC was in a mess or that there was misappropriation of funds.He added that the audit was not on the company but on the feedlot project, which had not fulfilled its objectives, due to several reasons including the failure of NFC to meet its agreed upon obligations.
NFC executive director Wan Shahinur Izmir Salleh in a separate statement yesterday also urged the public to read the AG's report for themselves instead of being "falsely misled" by certain quarters to believe that NFC is in a "mess".
NFC had also held a dialogue with NGOs and is expected to have another round of dialogues with another set of civil society groups to explain its case.
Police and MACC are also investigating the matter.
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