Monday, March 12, 2012

NFCorp Director Disposing Assets

Based on the Annual Returns submitted to the Registrar of Companies and Business (ACRA) in Singapore on 15 July 2011, Wan Shahinur Izran was also the director and sole shareholder of Straits Beverages Pte Ltd whose principal activity was to operate pubs (including bars).

However, based on the latest information provided by ACRA, the Company has since been “sold” to a British Virgin Islands (BVI) company – “Gold Index International Limited”, whose shareholders cannot be traced. Wan Shahinur Izran has also resigned from the company as a director on 2nd December 2011 and two new Singaporean directors were appointed.  They are Amir Mulyani bin Mohamed Solay and Alphonsus Wee Yew Hock who were appointed on 2nd and 16th December 2011 respectively.

This proves that the NFCorp director is either disposing or hiding his assets in Singapore.  Given that Straits Beverages was similarly set up with funds derived from the RM250 million government loan, such actions constitute a breach of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

The Act defines “money laundering” as the act of a person who — “engages, directly or indirectly, in a transaction that involves proceeds of any unlawful activity” or “conceals, disguises or impedes the establishment of the true nature, origin, location, movement, disposition, title of, rights with respect to, or ownership of, proceeds of any unlawful activity”.

We call upon the police to not only investigate the above disposal of assets in Singapore, but also discover how much for NFC loan funds have been transferred to Straits Beverages before it was “sold” to other parties for sums unknown.

Despite a statement on the 14 January 2012 by the Prime Minister, Dato' Seri Najib Razak that the assets of the NFC have been frozen, it appears that the international assets of the NFCorps directors have been left untouched.  Hence we would also call upon the Police to request that all the directors’ international assets be frozen pending investigation to prevent further such disposal of assets.


Anonymous said...

Tony said in parliament today that you are going to expose more?NFC could be one of the many such projects not yet exposed.If you are serious you may have very busy field days ahead?We shall see....

najib manaukau said...

You scratch my back and I scratch yours, the 250 million loan is only her share from the total loot that the deceitful and corrupted Umno scumbags and parasites are taking !
That was how she was appointed to the cabinet from the back door to become a minister after loosing her parliamentary seat ! The minister is also another half breed and also another Umno made Malay just like the grand son of the pariah from Kerala, the shenanigan Mahathir who is also known as a consummate liar and an omnipotent racist !

Anonymous said...

So many months 'investigation' and all they have are 4 flimsy counts.PR part time investigation already got more charges and more serious ones. If properly investigated these kind of charges at least a few dozen including money laundering and attempting to bribe the police.. How come no charge like these?

Anonymous said...

In view of the failure to monitor by govt and investigate the mess that NFC is, isn't it time you renew your call to investigate say the defense contracts, property even Petronas deals?

Anonymous said...

When is the MACC going to investigate the corrupt Pakatan Rakyat government in Selangor? They are presently disposing state assets. PKNS which originally set up to assist poor Bumiputra doing business now has changed it direction. It has now doing high end project. It has sold Kompleks PKNS in Shah Alam. It demolished the PKNS flats in Jalan Jelatek, Kuala Lumpur and building high end condo. PKNS is now looking to buy suitable land in Klang Valley to build more high end projects. Yayasan Selangor also is selling its prime properties built by the previous government. The state government through Kumpulan Semesta is stealing money from the sale of sand in the state. WHAT'S IS SO GOOD ABOUT PAKATAN RAKYAT GOVERNMENT WHEN IT KNOWS ONLY HOW TO SELL ASSETS BUILT BY PREVIOUS GOVT AND STEALING MONEY FROM SALE OF SAND!!!!!