Govt, National Feedlot Corp still in discussions on settling RM253.6m suit, says senior federal counsel | Malay Mail

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Govt, National Feedlot Corp still in discussions on settling RM253.6m suit, says senior federal counsel

KUALA LUMPUR, May 17 — The Malaysian government and the National Feedlot Corporation are still in talks to settle a lawsuit demanding that the company repay the loan and interest amounting to RM253.6 million in connection with the National Feedlot Centre project in Gemas, Negri Sembilan.

“However, whether the settlement can be finalised or not can only be determined by the Cabinet. The court set August 23 for case management to inform the status of the settlement,” he said when contacted after the case proceedings before High Court Judge Anand Ponnudurai, today. The government as the sole plaintiff filed the suit naming NFC as the first defendant, while Mohamad Salleh and his three children, namely Wan Shahinur Izran, Wan Shahinur Izmir and Wan Izzana Fatimah Zabedah, were the second to fifth defendants respectively.

The loan was disbursed in three separate tranches and Mohamad Salleh’s family was claimed to have made 10 withdrawals amounting to RM180.51 million from January 24, 2008, to January 3, 2011

 

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Cash is king. King is rakyat. Cash datang dari duit rakyat However rakyat actually “keluarga kami” Therefore duit rakyat = duit keluarga kami Thats explain why they spent duit rakyat like “duit kami punya”.

Just pay up and stop talking. Why the wait? khalidkarim

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