Tue04282015

LAST_UPDATEMon, 27 Apr 2015 11pm

Permatang Pauh Chinese Want MP To Focus On Security Issues

Permatang Pauh Chinese Want MP To Focus On Security Issues

BUKIT MERTAJAM -- Th...

Anwar Not Qualified To Vote In Permatang Pauh By-Election: EC Chairman

Anwar Not Qualified To Vote In Permatang Pauh By-Election: EC Chairman

BUKIT MERTAJAM: PKR ...

Three Arrested After 2km Car Chase In Johor Baru

Three Arrested After 2km Car Chase In Johor Baru

JOHOR BARU: Police a...

Proposal For Business Communities By August: Dr Munir Majid

Proposal For Business Communities By August: Dr Munir Majid

KUALA LUMPUR: Asean ...

Penal Code (Amendment) Bill 2015 On Terrorism Activities Passed

Penal Code (Amendment) Bill 2015 On Terrorism Activities Passed

KUALA LUMPUR: Dewan ...

Nepal Earthquake: Hundreds Of Climbers Trapped On Mount Everest In The Worst Disaster In The Mountain's History

Nepal Earthquake: Hundreds Of Climbers Trapped On Mount Everest In The Worst Disaster In The Mountain's History

Hundreds of climbers...

KickAssTorrents Down: Biggest File-Sharing Site Moves To .Cr Domain After Takedowns

KickAssTorrents Down: Biggest File-Sharing Site Moves To .Cr Domain After Takedowns

The world’s biggest ...

The Netherlands Turns All Orange For King's Day

The Netherlands Turns All Orange For King's Day

DORDRECHT, Netherlan...

Teen Who Fought Cancer Treatment Heading Home From Hospital

Teen Who Fought Cancer Treatment Heading Home From Hospital

HARTFORD — A 17-year...

Starbucks Snafu Shows How Registers Have Evolved At Stores

Starbucks Snafu Shows How Registers Have Evolved At Stores

NEW YORK  — A g...

Deflation? Oil's 45 Percent Rebound Could Be Markets' Next Headache

Deflation? Oil's 45 Percent Rebound Could Be Markets' Next Headache

LONDON - Whisper it,...

Maxis Delivers Strong Operating Performance In Q1 2015

Maxis Delivers Strong Operating Performance In Q1 2015

KUALA LUMPUR: The po...

HSBC Considers Moving Back To Hong Kong

HSBC Considers Moving Back To Hong Kong

LONDON — HSBC, Europ...

Seven In 10 Greeks Want A Debt Deal, Survey Shows

Seven In 10 Greeks Want A Debt Deal, Survey Shows

ATHENS — Seven out o...

PKNS To Produce More Young Entrepreneurs

PKNS To Produce More Young Entrepreneurs

SHAH ALAM -- The Sel...

Kahlil Gibran’s ‘The Prophet’ Comes To Life In A Magical Movie

Kahlil Gibran’s ‘The Prophet’ Comes To Life In A Magical Movie

When I have childr...

What is GST? Beauty Pageant Contestants Get Tongue-Tied Answering In An Interview

What is GST? Beauty Pageant Contestants Get Tongue-Tied Answering In An Interview

While most Malaysi...

[With Vid] CCTV Footage Gives A Firsthand View Of The Moment The Earthquake Struck Nepal

[With Vid] CCTV Footage Gives A Firsthand View Of The Moment The Earthquake Struck Nepal

While the internat...

Stephen Hawking Explains What Impact Of Zayn Leaving One Direction Has On The Universe

Stephen Hawking Explains What Impact Of Zayn Leaving One Direction Has On The Universe

If you ever needed...

You Should Google Everyone, Even Your Therapist

You Should Google Everyone, Even Your Therapist

WHEN I FIRST met my ...

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.