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National Feedlot Corporation NFCorp
Company type
Private Limited Company
Industry
Corporation
Founded
2006
Headquarters
Gemas, Negeri Sembilan
,
Malaysia
Key people
Datuk Dr Mohamad Salleh Ismail (Chairman) Datuk Seri Shahrizat Abdul Jalil (Director)
Products
Livestock and Beef production
National Feedlot Corporation is a private company owned by Agroscience Industries Sdn Bhd, with participation from the Government of Malaysia.[1] 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.[2] Further revelations were made regarding investments in high-end condominiums by the corporation.[3][4] However, later court proceedings found the allegations of misappropriation in relation to the investments to be false.[5]
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.[6][7]
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.[8]
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.[9]
^"TI-M STRONGLY URGES THE GOVERNMENT TO RECOVER MONEY FROM NFC BY ALL LEGAL MEANS AND WHERE NECESSARY TO FREEZE ITS ASSETS".
^"CCID investigating NFC case | theSundaily". Archived from the original on 2011-11-22. Retrieved 2011-11-20.
^"Khairy: NFC condo bought as investment | Free Malaysia Today". Archived from the original on 2011-11-14. Retrieved 2011-11-20.
^"NFC chairman explains income from condominiums". Archived from the original on 2011-12-21. Retrieved 2019-05-20.
^"NFCorp exec chairman wins suit, Rafizi ordered to pay RM200,000 in damages". www.thesundaily.my. Retrieved 2018-02-26.
^"'Datuk' charged with cheating NFC boss". 30 December 2011.
^"Datuk charged with cheating NFC director of RM1.7mil | theSundaily". www.thesundaily.my. Archived from the original on 2012-05-07.
^"NFCorp chairman completely acquitted and discharged of all criminal charges by sessions court". NFCorp. Retrieved 24 November 2015.
^"Putrajaya taking legal action against NFC over unsettled debts". Free Malaysia Today. 2018-08-06. Retrieved 2018-08-06.
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