National Feedlot Corporation is a private company owned by

Agroscience Industries Sdn Bhd, with participation from the Government of

Malaysia. Its commercial interest is the development of a planned,
integrated and sustainable Malaysian beef industry through the
development of the fully integrated livestock farming and beef production
facility that manages the importation of livestock, feedlotting, slaughtering,
processing, packing and marketing of beef in Malaysia.
National Feedlot Corporation was embroiled in controversy involving their
investments on high-end properties.[1] Further revelations were made
regarding investments in high-end condominiums by the corporation.[2]
[3]
 However, later court proceedings found the allegations of
misappropriation in relation to the investments to be false.[4]
It was also revealed that a prominent businessman was charged and
arrested with cheating NFC with RM2 million in consultancy fees and for
bribing the police.[5][6]
NFCorp chairman Datuk Dr Mohamad Salleh Ismail, who is also the
husband of United Malays National Organisation (UMNO) Wanita Chief
Datuk Seri Shahrizat Abdul Jalil; was completely acquitted and discharged
of all criminal charges by sessions court on 24 November 2015.[7]
In May 2018, the new Pakatan Harapan (PH) took office as the ruling
government. Subsequently, in August 2018, the Finance Ministry released
a statement that the government is going to take legal action against the
National Feedlot Corporation for the outstanding debt of RM248 million in
soft loans.[8]

References[edit]
1. ^ "Archived copy". Archived from the original on 2011-11-22.
Retrieved 2011-11-20.
2. ^ "Archived copy". Archived from the original on 2011-11-14.
Retrieved 2011-11-20.
3. ^ "Archived copy". Archived from the original on 2011-12-21.
Retrieved 2019-05-20.
4. ^ "NFCorp exec chairman wins suit, Rafizi ordered to pay RM200,000 in
damages". www.thesundaily.my. Retrieved 2018-02-26.
5. ^ http://www.malaysiakini.com/news/185293
6. ^ http://www.thesundaily.my/news/252845
 7. ^ "NFCorp chairman completely acquitted and discharged of all criminal
charges by sessions court". NFCorp. Retrieved 24 November 2015.
8. ^ "Putrajaya taking legal action against NFC over unsettled debts". Free
Malaysia Today. 2018-08-06. Retrieved 2018-08-06.
External links