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 ...
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