KUALA LUMPUR, Oct 24 — Putrajaya should sell off assets owned by the National Feedlot Corporation Sdn Bhd (NFCorp) including its high-end condominiums and luxury cars to recover the rest of a RM250-million federal loan to the firm, PKR MP Zuraida Kamaruddin suggested today.

She said liquidating the company’s assets is the only way to hold the company owned and run by former minister of women, family, and community development Datuk Seri Shahrizat Abdul Jalil’s family, answerable.

“Prime Minister Najib Razak should just liquidate the National Feedlot Corporation and recover the RM250 million soft loan that was given to the agricultural company run by Shahrizat’s family.

“That is the only way to hold Shahrizat’s family accountable for the mismanagement of funds,” the Ampang MP said in a statement.

Zuraida also suggested the government to identify local companies to take over the National Feedlot Centre (NFC) project, instead of looking at foreign companies such Kirimitonas Agro Sdn Bhd (KASB), which is a joint-venture company between a local investor and a meat-producing company in Japan.

The Finance Ministry revealed yesterday in Parliament that negotiations with the company to revive the project have fallen through.

It also cited the Accountant General’s Department of Malaysia’s statement, that as of September 30, 2013, “there were no outstanding payments accrued as per NFCorp records”.

In July, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government has received RM79.9 million from the RM250 million loaned to NFCorp for its NFC project, through the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

He said the government also sealed NFC’s assets worth RM23.3 million, namely two pieces of land in Putrajaya, two units of real estate in Menerung Township Villa and three plots of land in Gemas.

Meanwhile, the KL Sessions Court has set November 22 to decide on an application by NFCorp executive chairman Datuk Seri Dr Mohamad Salleh Ismail, who is also Shahrizat’s husband, to strike out the two criminal breach of trust (CBT) charges involving RM49.7 million against him.