Malaysia Elections 2013

PKR says NFCorp boss and son illegally profiting from rental yields

By Clara Chooi

KUALA LUMPUR, April 24 — PKR today accused ex-minister Datuk Seri Shahrizat Abdul Jalil’s husband and son of illegally profiting from lucrative rental yields on properties wrongfully purchased using National Feedlot Centre (NFC) funds.

According to PKR strategy director Rafizi Ramli, Datuk Seri Mohammad Salleh Ismail and his son Wan Shahinur Izran have been buying the properties using NFC monies and subsequently renting them out to the National Feedlot Corporation (NFCorp), which operates the NFC, and earning high monthly rentals from the firm.

He alleged that according to NFCorp’s financial statements, the father-and-son team has been reaping over 72 per cent in profits by charging exorbitant rentals to the company, in which the former is chief executive.

This, said Rafizi (picture), was tantamount to criminal breach of trust and both men should be dragged to court.

Thus far, only Mohammad Salleh has been charged in court with CBT in the ongoing scandal that has opened Prime Minister Datuk Seri Najib Razak and the Barisan Nasional (BN) government to damaging attacks ahead of elections expected soon.

“Although I do not have detailed financial accounts from the Real Food Company (RFC) and the family’s other associate companies, I believe that Wan Shahinur Izran is earning lucrative rental yields from the other two restaurants that he owns,” Rafizi told a press conference today.

He distributed documents from Valuation and Estate Management Department (JPPH) to the media today showing three properties — two office lots and one restaurant (Meatworks), all in Solaris Mont Kiara here — listed in the names of either Mohammad Salleh and Wan Shahinur Izran, which he alleged were purchased using NFC funds.

According to Rafizi, the properties could be matched with those listed on NFC’s financial records, which show that two payments for rental are made monthly to the duo — RM28,000 to Wan Shahinur Izran and RM8,240 to Mohammad Salleh.

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PARLIAMENT SEATS: FINAL TALLY

                                                   
PARLIAMENT
BNPROthers
   
133890
   
222 seats total, 112 to win, 148 for two-thirds