Senior Federal Counsel: Government, NFC still in discussions on settling RM253.6mil suit

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

The company is managed by the husband and three children of former women, family and community development minister Tan Sri Shahrizat Abdul Jalil.

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 RM180.51mil from Jan 24, 2008, to Jan 3, 2011

The plaintiff claimed that RM9.76mil was misused, allegedly to purchase one of two units at One Menerung Residence by the sixth defendant, namely the National Meat & Livestock Corp.

 

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