"There is speculation that I have a Ferrari. I have never even sat in one. They say my salary is RM45,000 a month... there are just too many fairy tales." - National Feedlot Corporation executive director Wan Shahinur Izmir Salleh.
He denied any misappropriation of funds as "every sen from the RM250 million government loan must be repaid or else we will be declared bankrupt or sent to jail".
The project NFC was handling is a 30-year contract with the government.
Nuraina,first of all I have no idea what white collar(commercial)crime laws are.But as usual I always have my two cents worth(busybody).The problems with NFC is not with Ferraris and salaries.
ReplyDeleteThe national project of cattle rearing and breeding plus cheap financing was given to a family owned company called NFC.The main purpose of this cattle project is to provide cheaper beef to Malaysians and eventually to self sufficiency.
This company was given five thousand hectacres of land plus cheap financing.As any responsible financier or project owner(GOM)it has to have its agencies monitor the work in progress and make progress payments.But the total loans plus some incentives totalling around two hundred eighty million ringgit was paid out in a few installments.
At the rate things were going on at NFC,if the project financier was a commercial bank,NFC would consider itself very lucky if it was to be able to get its hands on ten percent of the total loans.There was not even a cattle breeding program as work in progress then.
And to be given five thousand hectacres of land and around two hundred eighty million ringgit to import eight thousand heads of cattle to feed and later slaughtered is incredible.It would come down to thirty to thirty five thousand ringgit to feed a cow.
Coming back to ferraris and salaries,if a company is making tons of money why not.NFC's contract with the MOA was for a yearly supply of seventy to eighty thousand heads of cattle.That is by mass breeding to eventual self suffiency.
In other words if NFC was able to produce eighty thousand heads of cattle anually,eventually it will be able to have a monopoly on the beef industry in Malaysia.The potential to be able to make tons of money was there,but the lack of expertise or tidak apa attitude of Umnoputras made the project a failure.
Since the project was a failure,no ferraris,lambos(lembus)and any fancy high end playtoy cars.In fact no salaries or any high paying jobs too.In the end the real lembus in NFC will have the last laugh.
wan shahinur izmir salleh,
ReplyDeletethey say my salary is rm45,000 a month..
how about,
they say my salary is about rm20,000-rm30,000 a month,sounds better.gotcha.
Evan my toes can't laugh....
ReplyDeleteShahinur Izmir,
ReplyDeleteMungkin apa yang saudara beritahu adalah benar.
Tapi 'fairy tales' yang bertebaran di merata-mata tempat berpunca daripada kesilapan keluarga anda sendiri.
Mengapa jawatan-jawatan penting di NFC dipengang oleh keluarga anak beranak? Dan ada pula keluarga yang memengang jawatan menteri!
Saya yakin saudara dan semua ahli kelurga mempunyai kelulusan yang tinggi dan bijak. Saudara semua layak untuk memperolehi mana mana jawatan lain yang tinggi dan penting. Tetapi kenapa berkumpul di NFC.
Saya tidak suka orang menabur fitnah. Fitnah itu lebih merbahaya daripada sebilah pedang. Malangnya saudara dan keluarga memberi ruang pada orang yang suka membuat fitnah untuk berbuat demikian!
Warga Setia
Masalahnya di awal cerita ini timbol, mengikut berita dlm akhbar, pemiliknya menafikan memebeli kondo dg harga rm 10 juta, tetapi sebenarnya membeli 2 kondo 6 juta lebih SAHAJA dan berjumlah rm 12 juta lebih sahaja menggunakan sebahagian drpd rm 250 juta pinjaman kerajaan kadar rendah 2% itu. Itu yg memeranjatkan rakyat. Satu business decision yg cerdik bagi NFC. dan satu ketidakadilan yg dilihat oleh rakyat. Alangkah baiknya jika kami semua menerima kemusahan itu! 250 orang rakyat diberi pinjaman rm 1 juta seorang dan kami membuat pelaburan membeli hartanah. Of course, setiap sen pinjaman @ 2 % i terest itu kami akan bayar dalam tempoh 30 tahun. Alangkah bertuahnya keluarga yang rapat dg kerajaan.
ReplyDelete