Auditor-general, why the clarification now?

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YOURSAY 'It's too late to do damage control, auditor-general Ambrin Buang. The damage has already been done.'

AG: NFC not in a mess, but weaknesses in project

your say Fred Mohd Alias: The auditor-general is trying to bluff his way out. A small boy will know that 1 + 1 = 2. But the AG is saying that 1 + 1 = 0.

Come on, just tell the Shahrizat Abdul Jalil family to return the amount that has been drawn down from the NFC (National Feedlot Corporation) account and that they have no right to that money anymore- that sum of RM250 million.

If they fail to return the money than the attorney-general should file a case against the owners of NFC under the relevant section of the Penal Code and charge them in court.

James1067: It's too late to do damage control, auditor-general Ambrin Buang. The damage has already been done.

RM250 million of the taxpayers' money has gone into the wrong investment. The funds that are supposed to go to the projects instead went into condo buying, travelling, shopping and God knows what.

The documents are there in black and white to show how serious the condition of the company is. So please save your reputation for once it's lost, it's difficult to build back.

Joker: The bottom line was NFC took government loan. This government loan was given before agreement was signed. The loan was for cattle rearing purposes but instead of cows, condos were purchased.

The company was, and still is, losing money but its top management, which coincidentally comprises family members of a minister, draw top salaries and can swipe company credit cards to the tune of half a million ringgit a year.

Meat was sold to a private company owned by the very same family members. Is anyone denying any of these?

AnakMsia: How not to be in a mess when the ‘approved' objective is changed to a ‘land and property' company?

How could that less-than-average or ‘inexperienced' family be able to afford those homes or assets, if not by abusing the government soft loan - or taxpayers fund - of RM250 million.

Onyourtoes: Ambrin Buang, the business model of NFC and its viability require no further study. Anyone with some rudimentary knowledge of economics, finance and agency issues would know this project is destined for failure.

It is a moral hazard issue which is well-documented, and I think you are familiar with it. So let's not pretend thinking this is an exception or a rare occasion.

The Treasury ought to know the consequence of having this kind of project. This is not a business failure due to unforeseen risks and technical incompetence. This is a scam from the very beginning.

The auditor-general must report contingent liabilities arising from projects like the NFC.

Trumpet Call: Of course, there would be 'weaknesses' in the implementation of the NFC project. None of the top executives know anything about breeding cows.

They are all members of a political family taking a fat salary every month and enjoying all the perks of first-class travel and entertainment. How to succeed?

Anonymous_3da0: It's not the usage of the word ‘mess' or any such synonyms that we're worried about. It is the abuse of public funds meant for the cattle industry for personal gain.

Why are they missing the wood for the trees? A case of desperation?

Wira: The cow output from the project is only a fraction (far less than 10 percent) of original plan and proposal. Grant given to the project was spent on the purchase of luxurious condominiums in Kuala Lumpur and Singapore.

The Shahrizat family is spending easy money like there is no tomorrow, not from earned income, but from free money given by Putrajaya.

Whichever way we look at it, despite the semantic correction put in by the AG, the whole cow business given to the family of the favoured and powerful minister by Putrajaya, is in a big mess.

Armageddon: The Shahrizat family is in a mess. Whether they deserve the criticism or not, no one knows because investigation will take forever.

Tell the Truth: Poor auditor-general. So what was the threat? Lose your job? Or did they give you some goodies to change your story?

Why wait until now to make your statement on the matter? Any idiot will know that they put pressure on you, didn't they?

It's better to stand up in righteousness. You have been doing a good job so far. Don't let temptation or threat spoil your reputation as AG.

CiViC: Finally, he got his share of the RM250 million. Good for him, bad for the people. Failure to do so much, but yet claim investment into luxury condos and properties.

Twist all you want, change your statements all you can, it doesn't change the fact. I hate this country, seriously.

Malaysiawatch4: Something got fattened, but it was definitely not them cows.

 


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