Published: Monday March 12, 2012 MYT 11:39:00 AM
Updated: Monday March 12, 2012 MYT 2:17:54 PM
High-ranking NFCorp official expected to be charged Monday
KUALA LUMPUR: A high-ranking official of the National Feedlot Corporation (NFCorp) is reportedly expected to be charged with criminal breach of trust Monday.
A police source said authorities have taken the official in for questioning and expect to charge him later in the day.
It is learnt that the official is also expected to be charged under the Companies Act for several alleged irregularities.
The official is being questioned at the Commercial Crimes Investigation Department (CCID) headquarters in Bukit Perdana, before officials execute the warrant for his arrest prior to formally charging him.
Police began investigating the corporation shortly after the scandal hit the headlines following the Auditor-General's 2010 Report highlighted the failure of NFCorp's National Feedlot Centre to meet the annual beef production target set by the Government.
Set up in 2006, NFCorp was supposed to produce 38,600 heads of cattle in 2010 but fell short as the Entrepreneur Development Programme, involving 130 satellite farms, had not been implemented.
The police initially concluded their investigations into the possible criminal breach of trust and cheating by NFCorp and submitted the investigation papers to the Attorney-General in mid-January. However, the A-G returned the papers on Jan 17.
NFCorp is being investigated by both the police and Malaysian Anti-Corruption Commission (MACC) simultaneously.
More to come