Judicial Commissioner Anand Ponnudurai set the date between May 17 and May 20 for hearing before adjourning the proceedings for the day after the court was informed of a possibility of a settlement.
The government filed the suit in June 2019, to recoup RM253.6mil in loan payments and interests in connection with the National Feedlot Centre in Gemas, Negeri Sembilan from the company. The government signed a loan agreement totalling RM250mil with NFC on Dec 6, 2007 to finance the costs of establishing and operating a National Feedlot Centre in Gemas as part of its policy to develop and increase beef production.
The balance of the withdrawn funds was transferred to other NFCorp accounts, and a total of RM118.04mil from this balance was allegedly misused.
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Govt, NFC to reach settlement on RM253.6 million suit by May 17 | The Malaysian InsightGovt, NFC to reach settlement on RM253.6 million suit by May 17
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Govt, NFC to reach settlement on RM253.6m suit, failing which trial resumesFormer minister Shahrizat Abdul Jalil's husband and three children manage NFC. That's why you have a daughter as an advisor to the government. What about the criminality of the matter? Since when we have settlement? The application of law is subject to who is being prosecuted. Normal people is imprisoned whilst rich people got settlement! justice for the “orang kayangan” variety….
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