The husband of a Federal minister owns a company which aims to grow cattle in the interior district of Gemas for the purpose of proving to the world that Malaysia is capable of producing premium beef.The company,the National Feedlot Corporation(NFC), has obtained a government loan (the opposition argued that it is a grant) of RM250 millions for the project.But after 2 years, the project has fallen far far behind target. It was discovered that portion of the loan(or grant?) was used to purchase 2 PREMIUM condominium units in prime area within the Federal capital, Kuala Lumpur.
The excuse for doing this action was because the money are idling, so it was invested in property which is, in the company's opinion, better than putting it in bank fixed deposit.NCP chairman (the husband of the said minister)had called a press conference to explain why the money is idle. I could not understand what he explained, nor could many Malaysians, I guess.
No comments:
Post a Comment