Special audit on NFC flagged public officials’ negligence

The Edge covers numerous governance issues highlighted in PwC report on NFC Feedlot Corporation

Issue

National Feedlot Centre (NFC)
National Feedlot Centre (NFC) issue revolves around a direct-negotiated award and loan of RM250 million to husband and family of Malaysian politician Shahrizat Abdul Jalil, and allegations of misuse of those funds for high end properties and unrelated companies owned by the family

Directly implicated parties

Indirectly implicated parties

Implicated parties through circumstantance

Muhyiddin Yassin
Muhyiddin bin Haji Muhammad Yassin is a Malaysian politician currently serving as the prime minister of Malaysia.
Minister of Agriculture and Agro-based Industry
Najib Razak
Mohd Najib bin Abd Razak is a Malaysian politician who served as the 6th Prime Minister of Malaysia from 2009 to 2018
Minister of Finance
Cabinet Minister

Disclosing Parties

Source

Link

Khairie Hisyam Aliman, The Edge Malaysia,  (18 Jul, 2018).  Special audit on NFC flagged public officials’ negligence.  Retrieved 28 May, 2020,  from https://web.archive.org/web/20180718044155/http://www.theedgemarkets.com/article/special-audit-nfc-flagged-public-officials-negligence

File(s)

Notes

Muhyiddin Yassin was Minister of Agriculture when the agreement was signed.

Najib Razak was Minister of Finance when the agreement was signed officially (March 5, 2010) and numerous discrepancies on loan involved MoF as per PwC cited in this report.