NFC: Business as usual, despite assets frozen
Despite having its assets frozen, pending a police probe into alleged abuse, National Feedlot Corporation said that it is "business as usual".
Despite having its assets frozen, pending a police probe into alleged abuse, National Feedlot Corporation said that it is "business as usual".
"Business is as usual in the company," said NFC chief executive officer Wan Shahinur Izmir Salleh in a statement today.
"Inventory of beef will continue to be supplied and all customer orders will be fulfilled. There is no interruption nor disruption."
Wan Shaninur Izmir added that NFC's assets which have been frozen since December 2011 would not cause interruptions in inventory and supplies.
"I would like to reassure our clients and vendors as well as our employees that they will continue to be served and gainfully employed," he said.
The statement adds that NFC supplies beef to more than 160 customers which includes hypermarkets, supermarkets, mini markets, wet markets, processed meat manufacturers, hotels, restaurants and cafes.
It adds that the National Feedlot Centre in Gemas, Negeri Sembilan will continue to nurture its 4,500 heads of cattle in order to meet the country’s beef supply targets, while its chain of Meatworks restaurants will operate as usual.
Mom on leave, son runs company
Yesterday, Prime Minister Najib Abdul Razak announced that the NFC’s assets have been frozen pending investigations from various authorities including the Malaysian Anti-Corruption Commission (MACC) and the police.
In 2007, the company appointed the NFC to run its cattle-rearing project but its performance was given the thumbs down by the Auditor-General’s Report 2010.
It was revealed that the company is owned by the family of Women, Family and Community Development Minister Shahrizat Abdul Jalil.
Wan Shahinur Izmir is one of Shahrizat's son.
The company courted further controversy when it was revealed by PKR that it had made several questionable investments, using a RM250 million government soft loan, which includes luxury condominiums, prime land in Putrajaya and a luxury car.
On Thursday, Shahrizat issued a statement to state that she would be going on three weeks leave pending investigations.
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