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Thesun 2009-07-16 Page02 Dont Use Agents To Get Citizenship Warns Hisham
Thesun 2009-07-16 Page02 Dont Use Agents To Get Citizenship Warns Hisham
Thesun 2009-07-16 Page02 Dont Use Agents To Get Citizenship Warns Hisham
Ministry to decide on Narsco’s debts element in the service scheme of civil servants to ensure it is
paid annually. Currently, bonus is paid at the discretion of the
government based on its ability to pay, unlike in the private sector
by Tim Leonard Risda’s top management used to sit on in 2005 ordered Narsco to pay one of it where it is an annual practice.
newsdesk@thesundaily.com Narsco’s board and were party to some latex suppliers a sum of more than RM- Cuepacs is also proposing that the interest rate on housing
of the questionable decisions made that 5million with interest. loans be reduced from the current 4% to 1% annually. – Ber-
PETALING JAYA: The Rural and Re- led to the debt piling up. But in 2006, Following yesterday’s report, a sup- nama
gional Development Ministry will decide they became separate entities. plier got in touch with theSun to explain
soon how best to deal with the problems TheSun yesterday carried a front-page his plight.
faced by the National Rubber Small report on Narsco’s ambitious venture to “My company continuously supplied
Penang’s biggest drug bust this year
Holders Co-operative, or better known support rubber smallholders nationwide latex to Narsco despite not being paid, GEORGE TOWN: Penang Police have seized a total of 57kg of
as Narsco, which chalked up millions which turned into an accounting mess because I believed that Narsco was heroin and 150kg of caffeine, amounting to about RM3.5 million
in debts. after piling up more than RM60 million backed by the government and will pay from an operation carried out on Tuesday morning – the biggest
A senior aide of Minister Datuk Seri in debts. After having paid the bulk of what is due,” said the supplier, who drug bust in the state this year.
Mohd Shafie Apdal, when contacted the debts, the co-operative, which has declined to be named. The Southwest District Narcotics Department with officers
by theSun following a report yesterday some 200,000 members nationwide, is “As a result, I ended up with debts from the Queensbay Police station raided a condominium unit,
on Narsco’s RM20 million debts, said still saddled with debts of more than because I had to mortgage my house to which served as an illegal drug lab, in Persiaran Bayan Indah,
the ministry will make an official an- RM20 million. maintain my rubber business,” he said. Bayan Lepas at about 10am, after acting on a tip-off.
nouncement on the matter, perhaps as Narsco, which carried out its busi- Narsco’s newly-appointed chairman Balik Pulau OCPD Supt Mohd Hatta Mohd Zain said besides
soon as this week. ness through Narsco Holdings Bhd and Datuk Jamaluddin Tot said yesterday the Heroin No. 3 and the caffeine, which were in packages, a
He also said Mohd Shafie and the several other subsidiary companies, that questionable decisions, mismanage- pistol with six live bullets was also found in the house. Other
officials from Narsco and Risda (Rubber has been dragged to court over the past ment, lack of proper accounting meth- items seized include acid, four ovens, a wok, cooking stove and
Industry Smallholders Authority) had a years by aggrieved parties. ods and fluctuating rubber prices in past a weighing scale.
meeting yesterday to discuss the matter. The Kuala Lumpur High Court had years contributed to the pile of debts.