tag:blogger.com,1999:blog-37045477.post1676494646997269796..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: NFC "Subsidiaries" Never AuditedUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37045477.post-39077474720008303942012-03-08T18:17:07.091+08:002012-03-08T18:17:07.091+08:00Not to mention that the transfer of money to these...Not to mention that the transfer of money to these unrelated companies which are connected with Shahrizat's family who are directors of NFC Corp (assuming a company within s4 of Companies Act 1965) are loans to persons connected with directors. This is in violation of Section 133A of Companies Act 1965. It matters not whether there was indeed any plan to make these companies subsidiaries as these companies connected to Shahrizat's family were not subsidiaries of NFC at material time. Section 133A(3), reaffirms the right of recovery of NFC Corp. Section 133A(4) provides the director who aurthorises the making of any loan shall be guilty of an offence. That is criminal in nature.primusnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-8950486410561191502012-03-08T13:27:33.550+08:002012-03-08T13:27:33.550+08:00Dear Readers,
NFC is a gift of UMNO to Sharizat &...Dear Readers,<br /><br />NFC is a gift of UMNO to Sharizat & Family by Pak Lah of getting rid of Rafidah. Thus, explain why they spent the money like nobody business. UMNO had this system for a very long time unquestion since the opposition in the past is just too weak but not now. <br /><br />The abuse is very clear and UMNO did not know how to solve it since many are involved and getting direct benefit from this 'gift'. This is a clear case of damn arrogant of UMNO to just ignore the public demand. <br /><br />I hope the public can see through the dirty part of UMNO and punish them comes GE13Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-7871642263208097062012-03-08T12:04:24.610+08:002012-03-08T12:04:24.610+08:00Last 2nd. paragraph should be corrected(An auditor...Last 2nd. paragraph should be corrected(An auditor shall not) to:-<br /><br />The Auditor is also protected under the law in Clause 174A that “in the absence of malice on his part, an auditor shall not be liable to any action for defamation at the suit of any person in respect of any statement which he makes in the course of his duties as auditor”.Co. Auditornoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-16173450014878110572012-03-08T10:18:28.606+08:002012-03-08T10:18:28.606+08:00The UMNOputra's sense of entitlement is just o...The UMNOputra's sense of entitlement is just out of this world. Honestly the basic problem of Malay socio-economic is one of poor dynamism of its elite. Its actually even OK if the rich get richer ONLY if those who get rich changes. If they stay in the same old group THEN it just freaking medieval..The day Mahathir killed Tunku's UMNO was downhill for the average and poor Malays.Anonymousnoreply@blogger.com