KL cattle firm admits buying luxury condos in Singapore
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KUALA LUMPUR - The cattle company owned by the family of Cabinet minister Shahrizat Jalil on Friday admitted it purchased several luxury condo units, saying they were investments made during a lull in its cattle business.
The National Feedlot Corporation (NFC) said in a statement that it had bought the condominium units, including three in Singapore, as investments to generate returns on its RM250 million (S$104 million) government loan.
'The property market is sound and secure, more protected and less volatile than others,' chief executive Wan Shahinur Izmir Salleh, Ms Shahrizat's son, said in a statement on Thursday. 'NFC retains the prerogative to invest the funds in the best interests of the company.'
He was swiftly pilloried by critics in Malaysia's opposition, who pointed out that the soft loan from the government was expressly meant for cattle farming.
-- ST
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hoh seh liao
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At least his investment is making money.
So, what is his country making noise about ?
They rather he lost the cheng hu money through cowing ?
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so, the malaysians has less meat to eat?
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Originally posted by Medicated Oil:
At least his investment is making money.
So, what is his country making noise about ?
They rather he lost the cheng hu money through cowing ?
Read the last line:
He was swiftly pilloried by critics in Malaysia's opposition, who pointed out that the soft loan from the government was expressly meant for cattle farming.
If you use government funds for something else than what they are meant for, that is considered financial misappropriation.
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Originally posted by Medicated Oil:
At least his investment is making money.
So, what is his country making noise about ?
They rather he lost the cheng hu money through cowing ?
Dey, if government here lend money give smrt/sbst buy trains/bus... then later they use the money buy houses, everyone will also be making alot of noise...infact our town council use money make investment then lose money, everyone also make noise... and buy houses not 100% sure-win investment...
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Times are bad.
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Originally posted by ^Acid^ aka s|aO^eH~:
Dey, if government here lend money give smrt/sbst buy trains/bus... then later they use the money buy houses, everyone will also be making alot of noise...infact our town council use money make investment then lose money, everyone also make noise... and buy houses not 100% sure-win investment...
didn't SMRT and SBST lose a shitload of money in the past speculating on property?
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Well, she stepping down. Looks like she made a sweet 'investment' in the Marina Bay Suites. But this is Malaysia man. lol. Anything BOLEH! They can even make the auditor-general's report become sui even after publication claiming otherwise. lol
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Originally posted by BadzMaro:
Well, she stepping down.
Looks like she made a sweet ‘investment’ in the Marina Bay Suites.
But this is Malaysia man. lol. Anything BOLEH! They can even make the auditor-general’s report become sui even after publication claiming otherwise. lol
Tat's not all...http://sg.news.yahoo.com/malaysia-ministers-husband-charged-graft-102709323.html
http://sg.news.yahoo.com/pmo-paid-engagement-najibs-daughter-093953497.html
More cases surfacing... they are slowly in deep shyt~
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Originally posted by ^Acid^ aka s|aO^eH~:
Tat's not all...http://sg.news.yahoo.com/malaysia-ministers-husband-charged-graft-102709323.html
http://sg.news.yahoo.com/pmo-paid-engagement-najibs-daughter-093953497.html
More cases surfacing... they are slowly in deep shyt~
Oh goodie ! -
Originally posted by the Bear:
didn't SMRT and SBST lose a shitload of money in the past speculating on property?
Since when?