Corruption & Cronyism >>>

MACC flip-flopping its decision on cowgate

Why MACC now has power to investigate the NFC cowgate? Who made the new report with MACC? I believe the report was lodged by MACC own staff.

This is a quite perplexing new development in Bolehland.

My consistent appeal is let dissolve MACC to save our public funds for supporting a non-value added agency.

MACC sets up special team to probe NFC case

PUTRAJAYA (Dec 22, 2011): The Malaysian Anti-Corruption Commission (MACC) has set up a special team headed by investigations director Mustafar Ali (pix) to focus on the various allegations against the National Feedlot Corporation (NFC).

In a statement released today, the MACC confirmed it had received a new report against the NFC yesterday.

In light of the latest developments, the commission said it had set up a special team to investigate the issue as a whole, with MACC’s Mustafar heading it.

MACC said it views all allegations of graft seriously and will investigate the case without fear or favour.

MACC also stated that investigations, including gathering of evidence and statements, had begun on the case since it was first brought up in the 2010 Auditor-General’s report.

It added that a large part of the issues brought up have already been dealt with appropriately by the commission, which had also referred certain aspects to the police for follow up.

The MACC urged all parties to wait for the outcome of the investigation and not politicise the issue.

The Auditor-General’s Report 2010, which was released in October, had stated that the NFC, whose executive chairman is Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil’s husband, Datuk Seri Dr Mohamad Salleh Ismail, had failed to fulfill the objective of its inception.

This was also followed by various claims by the opposition that government funds of RM250 million channelled to the NFC had purportedly been misappropriated.

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Marbus says:

Another national scandal to be covered up by BN.

Gerry says:

The temporary arrest of the ‘datuk’ in the NFC case is just another sandiwara from umno to cool the situation.

As usual, just like the PKFZ and Perwaja fiascos, the real culprits are not apprehended for the reasons we all know.

Eng Hock says:

Latest Global Financial Integrity (GFI) report tells us the RM1 trillion of our funds have been taken out of the country illicitly.

to protect your liquid assets, i suggest you exchanged ringgit for more robust currency (S$ for example). never say i don’t warn you now becoz ringgit will soon be devalued.

Hai-O says:

Abusing softloan to purchase a S$4 condo in Singapore is actually a good example of the outflowof illicit money. Luckily it was brought to our attention by PKR, else the RM10 million will easily be written off as bad debt while the Shahrizat family can own an expensive asset in Singapore’s District 10.

nkkhoo says:

Ah Long boss from Bukit Gambir invested RM100 million in Genting Sentosa from his dirty money amassed in Malaysia.

Marbus says:

Singapore never question the source of money, regardless of how illicit it could be.

Gerry says:

That’s why it is a favoutite place for Idonesian rich people. Now getting popular with mainland Chinese too.

niceguy says:

I would have already sack the employee (even if he is the ceo or director of finance)if he/she uses his budget to purchase (or invest in) things not under the approved allocation and within his/her department’s reponsibilities.

He/she may be excused for being imcompetent and/or failure in his/her purchases; but will not be excused for stepping outside his/her area of reponsibilities.

Establishing a breeding station and property investments are entirely 2 different objectives.

Set objectives must be adhered to; and even if the latter is more profitable, it is not a defensible excuse for setting aside a termination of service.

In other words, if you’re over budgeted, say so lah and return that portion. I’ll sack you if you act like you own the company and do as you please.

Eng Hock says:

MACC gave the culprits some time to cover loopholes b4 starting further investigation.

Cowgate scandal is irrelevant to kampong folks as long as Najib continues to give sweets !