Sat10212017

LAST_UPDATEFri, 27 Oct 2017 9am

Don't Rely On Status Quo, BN Component Parties Told

Don't Rely On Status Quo, BN Component Parties Told

KUALA LUMPUR: Bari...

Enhance Mastery Of Bahasa Melayu In SJKC - PM Najib

Enhance Mastery Of Bahasa Melayu In SJKC - PM Najib

KUALA LUMPUR: Prime ...

MACC Remands Woman Police Sergeant Over Bribery Case

MACC Remands Woman Police Sergeant Over Bribery Case

SEREMBAN: A woman ...

[VIDEO] About 20 Workers Feared Buried In Landslide In Tanjung Bungah

[VIDEO] About 20 Workers Feared Buried In Landslide In Tanjung Bungah

GEORGE TOWN: Betwe...

Set Up RCI To Probe Deadly Landslide, Demands Tanjung Bungah RA

Set Up RCI To Probe Deadly Landslide, Demands Tanjung Bungah RA

GEORGE TOWN: Rescu...

King’s Legacy Still Felt Strongly As Thailand Bids Goodbye

King’s Legacy Still Felt Strongly As Thailand Bids Goodbye

HUAY HOM, Thailand...

Trump Expected To Pressure China's Xi To Rein In North Korea: Officials

Trump Expected To Pressure China's Xi To Rein In North Korea: Officials

WASHINGTON: U.S. P...

Strong Typhoon Nears Southern Japan The Day Before Election

Strong Typhoon Nears Southern Japan The Day Before Election

TOKYO: Heavy rain ...

King Felipe VI Says Catalonia 'Will Remain' Spanish

King Felipe VI Says Catalonia 'Will Remain' Spanish

Spain's King Felip...

Rockets Strike Downtown Kabul, No Casualties Reported

Rockets Strike Downtown Kabul, No Casualties Reported

KABUL: As many as ...

AsiaBio Petroleum To Provide B&P For The RAPID Project

AsiaBio Petroleum To Provide B&P For The RAPID Project

Petaling Jaya, Mal...

MAB Announes Izham As Executive Director And New GCEO Designate With Immediate Effect

MAB Announes Izham As Executive Director And New GCEO Designate With Immediate Effect

KUALA LUMPUR –&nbs...

Budget 2018: Deloitte Malaysia Hopes Govt Re-Look Into Taxes Being Imposed In The Country

Budget 2018: Deloitte Malaysia Hopes Govt Re-Look Into Taxes Being Imposed In The Country

KUALA LUMPUR -- Delo...

AXA Affin General Insurance Named One Of Asia's Best Companies To Work For

AXA Affin General Insurance Named One Of Asia's Best Companies To Work For

KUALA LUMPUR -- ...

Maximising Brand Value

Maximising Brand Value

SHAH ALAM: ECO Wor...

Gruesome Photo Of Kitten Cut Into Half In Sekinchan Goes Viral, Owner Forgives The Murderers

Gruesome Photo Of Kitten Cut Into Half In Sekinchan Goes Viral, Owner Forgives The Murderers

The owner of a cat...

How Solar Panels Are Helping To Keep Rohingya Refugees Alive

How Solar Panels Are Helping To Keep Rohingya Refugees Alive

The 600,000 Rohing...

Do Fewer Patients Die With Female Surgeons?

Do Fewer Patients Die With Female Surgeons?

Patients may have ...

[VIDEO] Police Urged To Investigate Man In Video With ‘Allah’ Leg Tattoo

[VIDEO] Police Urged To Investigate Man In Video With ‘Allah’ Leg Tattoo

KUALA LUMPUR: The ...

Malala’s Jeans Trolls Should Look At Her Accomplishments Instead

Malala’s Jeans Trolls Should Look At Her Accomplishments Instead

An unverified imag...

KUALA LUMPUR: The government has managed to recover RM79.9 million from its RM250 million loan to the National Feedlot Corporation.

 

Finance Minister II Datuk Seri Ahmad Husni Hanadzlah said the recovery of debt was made by freezing NFCorp's accounts through the Money Laundering Act.

The government, he said, had also seized two plots of land in Putrajaya, three land lots in Gemas, Negri Sembilan and two real estate units in Menerong Township Villa owned by NFC and valued at RM23.3 million.

"There are assets owned by NFC which were not directly bought under the company and we will have to wait until the case is settled in court for us to take further action," he told reporters at the Dewan Rakyat yesterday.

Ahmad Husni added that the assets were valued at RM62.7 million.

He said the ministry had taken three measures to resolve the issue of the controversial NFC project, namely bringing the case to court, recovering debts and assets as well as finding a new company to continue the NFC project.

Husni said a renowned Japanese agro firm, Kirimitonas Agro Sdn Bhd, had expressed interest to take over NFC.

"However we are still in the process of reviewing the company's capabilities in terms of financial and technical aspects," he said, adding that the company had issued a letter of intent to take over the project with the expiry date slated for this October.