AG: NFC not in a mess, but weaknesses in project
Auditor-General Ambrin Buang today said that the word “mess” was never used to describe the National Feedlot Corporation (NFC), but the objectives of the Feedlot Centre project is unfulfilled.
Auditor-General Ambrin Buang today said that the word “mess” was never used to describe the National Feedlot Corporation (NFC), but the objectives of the Feedlot Centre project is unfulfilled.
In a statement today, the AG said the words ‘ kucar-kacir ' (chaotic), ‘in a mess’ and ‘misappropriation’ were “used by other quarters and the Audit Department should not be attributed”.
“It is our view that any misappropriation is to be investigated by the police and the Malaysian Anti-Corruption Commission,” he said.
He said that from an “audit perspective, there were several weaknesses in the implementation of the project”.
“If not, why would the government in May 2009 (prior to our audit) halt the project pending a business model and viability study?” he asked.
He noted that the fact that the project was halted in May 2009 proves that the government is aware of the weaknesses in the implementation of the project and are taking steps to resolve them.
Ambrin (
left
) added that the audit was never on the company NFC, which is owned by the family of cabinet minister Shahrizat Jalil, but on the National Feedlot Centre project.
“NFC is a registered company in which the Finance Ministry Inc holds a golden share worth RM1,” he said.
The AG said that his department’s audit found several reasons why the objectives are unfulfilled.
This includes NFC’s failure to set up the Entrepreneurial Development Programme (EDP) which was to support 130 satellite ranchers who will receive cattle and feed from NFC.
The ranchers were to fatten the cattle and sell them back to NFC to meet the local beef demand.
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