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    19 June 2012| last updated at 08:05PM

    Four NFC assets worth RM49.7m frozen



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    KUALA LUMPUR -- Four assets of the National Feedlot Corporation Sdn Bhd (NFC) that is embroiled in a mismanagement scandal involving government funds has been frozen under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

    Inspector-General of Police Secretariat (Public Relations) Bukit Aman assistant head ACP Ramli Mohamed Yoosuf said in a statement today that Bukit Aman's Special Task Force for Anti-Money Laundering and Counter Terrorism was currently investigating NFCorp under Section 4(1) AMLATFA 2001.

    "From investigations carried out, four assets have become the subject matter in the case," he said.

    As a follow up to the investigations, Deputy Public Prosecutor Anselm Charles Fernandis was satisfied to issue the order to freeze the assets under Section 51(1) AMLATFA 2001, yesterday.

    "To fulfill the requirement under Section 51(1) AMLATFA 2001, it is compulsory to advertise the freeze of assets in two national newspapers, comprising an English and Malay daily before June 20," he said.

    The four assets frozen were two units at 'One Menerung' Condominium, Bangsar (Unit B1-2 and B1-1) and two land parcels at Lot 4 and Lot 5, Precint 10, Putrajaya.

    On March 12, 2012, NFCorp Executive Chairman Datuk Seri Mohamad Salleh Ismail, 64, was charged for criminal breach of trust involving RM9,758,140 in his capacity as the NFC chairman to purchase the two condominium units at 'One Menerung' in Bangsar on Dec 1 and Dec 4, 2009 at the CIMB Islamic Bank Bhd in Taman Tun Dr Ismail.    

    For the second charge, he was accused of transferring RM40 million into the account of National Meat & Livestock Corporation Sdn Bhd, where Mohamad Salleh and one of his sons were directors, between May 6 and Nov 16, 2009.
    -- Bernama

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