I received this article via email and I thought I will share it will my readers.
THE NATIONAL FEEDLOT CORPORATION SAGA
The National Feedlot Corporation Saga has been in the news ever since the Auditor General’s report highlighted the fact that the NFC was only successfully operating at 41%. In fact, the AG should have stated that it was operating at a failure rate of 59%.
There are two aspects to this state of affairs. One is a question of Policy by the Government, with regards to setting up such a huge Feedlot operation without proper study.
The other is the question of Criminal Breach of Trust (CBT), with regards to the financial and fiduciary responsibility of the operators of the NFC.
The first part is dealt in the broad report that is attached, as a Policy paper. The second part, CBT, is the question that is being debated presently, and being investigated by the Police and MACC.
The Criminal Beach of Trust focuses on the word Trust. A project and funds provided to an enterprise and its operators is based on trust. Trust to perform diligently and honestly, and to keep with the purpose of the project, to ensure its success.
The NFC has failed miserably in this aspect.
It has broken the Trust that was implicit in its engagement to produce beef for the nation. The Trust it was given to increase beef production was betrayed when it employed the loan funds to invest in any other business, in this instance, the purchase of two condominiums, which the NFC itself admitted.
The funds invested in the condominiums could and should have been invested in producing its own calves and its own feed for the fattening operations.
After all, the NFC was given about 5000 acres of land to carry out the operation. In as much as the land itself was considered marginal, many types of fodder crops could have been grown as feed for a multiplication programme that would have given value addition to the operation of NFC. This is especially so in the long term.
Quite obviously the operators of the NFC did not have sufficient knowledge of the industry, nor did they seek the advice of qualified consultants, with more than sufficient knowledge to assist the development.
In conclusion, the NFC and its operators should be charged for CBT, removed, and a group of competent and qualified consultants appointed to run the operations, after careful review and study of the present set up.
CRUSADE AGAINST CORRUPTION
a life journey...a crusade against corruption
About Me
- Mohd Arshad Raji
- A retired army officer who believes in justice for all and hates liars and apple polisher.Believes that all members of AF must be free of corrupt practises.
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2011
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December
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- OF THREATS, INTIMIDATION AND FEAR
- THE ‘PIG’ AND ‘LEMBU’ SAGA IS OUTDATED AND STINKS ...
- 2012 – LEADERSHIP VACUUM HAUNTS MALAYSIA’S FUTURE ...
- JAMIL KHIR - DIMANA LETAKNYA KEJUJURAN ANDA
- SHAME ON YOU - JAMIL KHIR AND CHE MAT
- CORRUPTION – A DEFINITION BY UMNO
- EXPECTATIONS FOR THE NEW YEAR
- MALAYS VERSUS MALAYS
- THE BEEF INDUSTRY IN MALAYSIA VIS A VIS THE NATION...
- NFC SAGA
- CHRISTMAS GREETINGS
- WILL ANWAR IBRAHIM BE INCARCERATED?
- WILL THERE BE A CHANGE OF GOVERNMENT POST GE 13?
- THE INDELIBLE INK – TO USE OR NOT TO USE
- THE SHAME OF BEING CALLED A THIEF, A LIAR AND A CO...
- NOH OMAR – SPEAK SENSIBLY
- WHERE ARE YOU BIGDOG?
- PM NAJIB’S PREDICAMENT
- WAS THERE A BREACH IN SECURITY PROCEDURES BY THE RMN?
- AWANG SELAMAT – LEAVE TUAN GURU NIK AZIZ ALONE
- IS SEX TOURISM MALAYSIA’S NEW BRAND?
- MALAYSIA GETS A NEW KING
- ABDUL TAIB MAHMUD – THE UNTOUCHABLE
- BREAKING NEWS – BIGDOG BOARDS RMN SUBMARINE
- EZAM MOHD NOR – OLD HABITS DIE HARD
- WILL MALAYSIA SEE A CHANGE OF GOVERNMENT?
- BOOK BY LEE KUAN YEW BANNED BY JAKIM
- SHAHRIZAT JALIL – A CALL FOR HER RESIGNATION
- DAMNED IF IT’S NAJIB, DAMNED IF IT’S MOHD NAJIB
- NEW FACES – WHAT IT MEANS TO UMNO
- BIGDOG – A LIAR OF THE HIGHEST ORDER
- THE FEAR FACTOR – THE SABAH GOVERNMENT
- THE PASSING OF A PIONEERING COMMANDO
- LOYALTY A PLEDGE ON PAPER – A NEW UMNO INVENTION
- KEDAI 1 MALAYSIA
- WHO IS MORE A PONDAN?
- SHAHRIZAT IN DEFENCE OF NFC
- TAJUDDIN ABDUL RAHMAN – A SUPER DOPER CLAIRVOYANT
- KHALID BAKAR’S COMMENT INAPPROPRIATE
- DEFENDING THE INDEFENSIBLE
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December
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2 comments:
Dato,
Those who proposed this cattle project, initially has good intention perhaps, but when along the way being hijacked by another enterprise(NFC) it's focus and objective was nothing but a plot designed to enriched oneself i.e the operators. Why? Because the Govt in the first place should not have entrusted this project to NFC which has no credentials to undertake such a project. I am sure the Govt was not blind to this fact. So, NFC with its Ministerial connection alone surely cannot survive without the cattle rearing expertise. The rest is history. I also believe that there is some hidden agenda and many more other personalities involved in this 'big-time swindle' of the people's money in this NFC fiasco. I don't think it's so simple as being a 'fail business venture'.
The sad fact is that we are dealing with a bunch of liars thieves and scumbags and who think it is their right to involve in daylight robberies as they are the ruling class of Malaysia. As far as they are concerned, nobody can touch them as all the institutions are in their pockets. Do you think there will be any actions taken again them? Please, do me a favour. This is Malaysia and I am afraid there a too few Malays will do any thing as this is causing them far too much embarrassment. Can you imagine when idiotic deputy PIG, ooops IGP sort or cleared them, without even any real investigation. LOL!
I am totllay digusted with all the scumbags, be it malays indians chinese or others. A scumbag is a scumbag is a scumbag. Finally these socalled constitutional malay muslims are destroying Malaysia, if we let them do it. We have the real malays and the legitimate bumis and they have been sidelined. The peranakans are the real bumis but have been totally ignored and sidelined because we are Chinese. But the the scumbags who came much later from India, Indonesia, Yemen, Pakistan, etc etc are given the bumi status.
Humbug.
I do apologise for being rather harsh and a way OTT but I am totally disgusted. This need to be sad and I am a Malaysian of Chinese origin, but a true blue Malaysian.
Malaysia Tanah Air aku.
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