Fri08222014

LAST_UPDATEThu, 21 Aug 2014 11pm

Wisma Putra Aware Of Malaysians Involved In Militant Activities In Syria - Anifah

Wisma Putra Aware Of Malaysians Involved In Militant Activities In Syria - Anifah

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MH17: First Officer's Body Among The 20 Remains To Arrive On Friday

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Malaysia Expected To Come To A Standstill, United In A Collective Mood Of Mourning

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Paroi Final Resting Place For MH17 Stewardess, Mastura Mustafa

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Putrajaya Insists Bersih Leaders’ Dereliction To Blame For Rally Chaos

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South African Doctors Give Wrong Patient Heart Surgery

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Israeli Fire Kills 18 In Gaza After Truce Collapse

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Extremists Told Family Foley Would Be Killed: Employer

Extremists Told Family Foley Would Be Killed: Employer

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UN Council Urges Israel, Palestinians To Resume Talks

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Hamas Warns Foreign Airlines Not To Fly Into Tel Aviv

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US Banks Mull 20% Pay Hike

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Auto Makers May Exit Philippines

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Inflation To Stay Steady At 3%, Rising Next Year With GST

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Houses Exempt From GST

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Malaysians Prefer Smaller Tablets

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Using Public Transport May Help You Drop The Weight, Study Shows

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Move Over Kim Kardashian: Meet The Real Queen Of The Selfie

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Latiff Mohidin Makes A Comeback After Two Decades

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Oh Great, Another 'Human Barbie'

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Mourning The Victims Of MH17

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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.