Press
statement by YB Zuraida on NFCorp’s failed takeover by Japanese company
Prime Minister
Najib Razak should just liquidate the National Feedlot Corporation and recover
the RM250 million soft loan that was given to the agricultural company run by
Sharizat’s family. That is the only way to hold Sharizat’s family accountable
for the mismanagement of funds. The board of directors which includes
Sharizat’s husband and children inappropriately spent the people’s money on
luxury items unrelated to the agricultural business like purchasing high-end
condominiums and prestigious cars.
It is simply
illogical that any company would want to inject RM20 million into a debt-ridden
company that operates at a loss with no foreseeable opportunity for a
turnaround. For Kirimitomas Agro to even consider a deal like that, we can only
imagine what negotiations went on behind closed doors. Regardless, it is still
not a worthwhile deal.
Kirimitomas Agro
would be better off just starting with a clean slate with no encumbrances. In
fact, there are qualified local companies that are equally suitable to provide
similar services to the public. Malaysia is an agricultural-based country and
the government should have no problems at all identifying experienced companies
with good track records. This is in contrast to the NFC, a company that does
not even have a track record to begin with.
Since the NFC
expose, ‘Condo Lembu’ has become a household name. The severity of the
matter goes to show that our country sorely needs transparency and good
governance. The ‘gravy train’ has been practiced for far too long and people
should be made aware that this habit is selfish and deprives our children of a
good future. It is morally wrong and it is ethically wrong. As they say, monkey
see, monkey do, and we need leaders who can show a good example. If the big
boss ‘makan’, the small ones ‘makan’ too. We do not want this culture to be
cultivated any further. Instead, we should focus on transparency, good
governance and efficiency.
Kirimitomas Agro
Sdn. Bhd. (KASB) is a joint venture between Otoshitos Sdn. Bhd and Hannan Food
Group. Prime Minister Najib Razak announced KASB as willing parties to take
over the scandal and debt-ridden National Feedlot Corporation in April this
year but replied in parliament yesterday that the deal has fallen through.
YB Zuraida
Kamaruddin
Ahli Parliament
Ampang
24/10/13
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