High Court orders NFCorp to repay govt RM120.6m
The High Court here today ordered National Feedlot Corporation Sdn Bhd (NFCorp) to repay the government RM120.6 million in connection with the National Feedlot Centre project in Gemas, Negeri Sembilan. ― Reuters pic
Friday, 13 Oct 2023 6:53 PM MYT
KUALA LUMPUR, Oct 13 — The High Court here today ordered National Feedlot Corporation Sdn Bhd (NFCorp) to repay the government RM120.6 million in connection with the National Feedlot Centre project in Gemas, Negeri Sembilan.
In allowing the suit by the government against NFCorp and 10 others, Judge Anand Ponnudurai ordered the company, which was named as the first defendant, to repay the government RM33,743,591.37 being the unutilised amount loaned to it.
“The plaintiff (government) is entitled to the RM86.9 million seized from the defendants which is currently held by the Account General in escrow,” he said.
Judge Anand also ordered all the 11 defendants to return land in Gemas, Putrajaya and One Menerung here, which were purchased with the loan, to the government which is the beneficial owner of the properties.
However, the judge also allowed the defendants’ counterclaim and ordered the government to pay RM10,000 in nominal damages to them. — Bernama
Friday, 13 Oct 2023 6:53 PM MYT
KUALA LUMPUR, Oct 13 — The High Court here today ordered National Feedlot Corporation Sdn Bhd (NFCorp) to repay the government RM120.6 million in connection with the National Feedlot Centre project in Gemas, Negeri Sembilan.
In allowing the suit by the government against NFCorp and 10 others, Judge Anand Ponnudurai ordered the company, which was named as the first defendant, to repay the government RM33,743,591.37 being the unutilised amount loaned to it.
“The plaintiff (government) is entitled to the RM86.9 million seized from the defendants which is currently held by the Account General in escrow,” he said.
Judge Anand also ordered all the 11 defendants to return land in Gemas, Putrajaya and One Menerung here, which were purchased with the loan, to the government which is the beneficial owner of the properties.
However, the judge also allowed the defendants’ counterclaim and ordered the government to pay RM10,000 in nominal damages to them. — Bernama
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