National Feedlot Corporation Scandal Chronology

National feedlot corporation was embroiled in controversy involving their investments on high end properties.

National feedlot corporation scandal chronology. National feedlot centre scandal. Lim kit siang the democratic action party s parliamentary leader demanded that rafizi remain freed for doing a national service for exposing the rm250 million national feedlot corporation scandal never before in malaysian history lim said have so many people s representatives whether members of parliament or state assembly. Kuala lumpur may 20 the national feedlot corporation sdn bhd s nfcorp new buyer is ready to fully repay the company s outstanding loan to the federal government company chairman datuk seri mohamad salleh ismail said today. Shahrizat then the head of the women s wing of umno and her family were accused of misusing rm250 million in public funds buying expensive cars flats in singapore and kuala lumpur and taking overseas trips.

Responding to the finance ministry statement on its decision to. Kuala lumpur may 20. Further revelations were made regarding investments in high end condominiums by the corporation. Posted by 1001malaysia at.

20 june 2012 cops seize nfcorp properties malaysian insider. Clare rewcastle brown and the biggest financial scandal in british history. September 24 2020 3 55 pm. Bekas ketua menteri bernard dompok gesa rakyat sabah tolak politik elit kuala lumpur.

The ministry of finance is now seeking a full repayment of the rm250 million loan it extended to the national feedlot corp sdn bhd nfcorp in 2008 after the latter defaulted on the repayment of the loan together with interest and late interest charges the outstanding loan amount stood at rm253 618 455 03 as of april 30 2019 from this sum rm110 840 854 28 is the. Pkr accused national feedlot corporation nfcorp. However later court proceedings found the allegations of misappropriation in relation to the investments to be false. National feedlot corporation granted leave to appeal in defamation suit against rafizi.

The nfc scandal hit the headlines three years ago when the auditor general s 2010 report highlighted the failure of the federally funded project in achieving its target of breeding 8 000 head of cattle in gemas negri sembilan in 2010 besides noting national feedlot corporation s nfcorp management failures. The rm250 million national feedlot corporation scandal was a result of the agriculture ministry s failure to carry out due diligence before awarding the contract the malaysian anti corruption commission macc said today.