National Feedlot Corporation - Unpacking The Story
The National Feedlot Corporation, a name that has often come up in public talk, is a private business with a big purpose. It was set up to help Malaysia grow its own beef supply, aiming for a system that could keep going and make good meat for people. This company, you see, had a plan to bring together all parts of raising cattle and producing beef, including bringing in animals from other places.
This business, too, is owned by AgroScience Industries Sdn Bhd, and the government of Malaysia also plays a part in it. Its core idea was to create a beef industry that worked well, from start to finish, so the country would have a steady source of meat. It really was about building a complete system for livestock and beef, which, you know, sounds like a very important effort for the nation.
Yet, over time, this project and the company found themselves at the center of many discussions, especially about money and legal matters. There have been various court cases and orders for repayment, drawing a lot of public attention to what happened with this big plan for beef production in Gemas, Negri Sembilan. So, we will look into what the records show about the National Feedlot Corporation.
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Table of Contents
- What is the National Feedlot Corporation?
- Early Aspirations of the National Feedlot Corporation
- How Did the National Feedlot Corporation Project Face Challenges?
- The National Feedlot Corporation and Court Cases
- What Happened with Public Bank and National Feedlot Corporation?
- What About the Financial Repayments for National Feedlot Corporation?
- The Present Situation of the National Feedlot Corporation Site
- Looking Back at the National Feedlot Corporation Controversy
What is the National Feedlot Corporation?
The National Feedlot Corporation, often called NFCorp, is a private company. It is owned by a business named AgroScience Industries Sdn Bhd. The government of Malaysia also takes part in this company, so, you know, it is a joint effort in a way. The main idea behind its creation was to work on a very specific commercial interest: making a planned and lasting beef industry for Malaysia.
This company's goal, in some respects, was to set up a full system for raising livestock and producing beef. This system was meant to handle everything, including bringing in animals from other countries. It was all about creating a beef supply chain that worked well and could continue to provide for the country's needs. Basically, it aimed to make Malaysia more self-sufficient in its beef supply.
Early Aspirations of the National Feedlot Corporation
The National Feedlot Corporation had a vision to build a beef industry that was complete, from farm to table. This meant creating a place where cattle could be raised and processed, all within one managed system. The idea was to make sure Malaysia had a reliable source of beef, which is that, a big deal for food security. It was a project with a lot of promise, aiming to develop a strong local beef sector.
The facility was supposed to be in Gemas, Negri Sembilan, and manage the arrival of livestock from outside the country. This would then feed into the local production process. The overall aim was to have a beef industry that was not only productive but also sustainable, meaning it could keep going for a long time without causing problems. So, it was a rather ambitious plan for the country's food future.
How Did the National Feedlot Corporation Project Face Challenges?
The project in Gemas, meant to help the beef industry, became a point of public discussion. It was ordered to give back RM120.6 million to the government because of issues with the project. This suggests that the plans did not quite go as expected, leading to questions about how funds were used and how the project was managed. It seems there were some significant bumps along the way, causing a lot of public interest.
The government, too, later started a lawsuit against the National Feedlot Corporation. This legal action was for RM250 million, and it involved the company, its chairman, Datuk Seri Dr Mohamad Salleh Ismail, and nine other individuals. The hearing for this suit started in the high court, indicating that the challenges were serious enough to require court intervention. So, it was a pretty big legal matter for the company and those connected to it.
The National Feedlot Corporation and Court Cases
There have been a few different court cases involving the National Feedlot Corporation. One particular case saw the government and the company still in talks about settling a lawsuit. This suit asked the company to pay back a loan and its extra charges, which added up to RM253.6 million, all tied to the project in Gemas. These discussions show that the financial side of things was still being sorted out, even after legal proceedings began, you know.
In another instance, the High Court in Kuala Lumpur told the National Feedlot Corporation Sdn Bhd to pay back RM33.7 million. This decision came after a trial that went on for almost three years, where the government had sued the company and ten other people. It seems that, after a lot of time in court, a specific amount was decided upon for the company to return. The chairman, Datuk Seri Dr Mohamad Salleh Ismail, also expressed thanks when he and his family were cleared of misusing RM250 million, which is that, another side to the legal story.
What Happened with Public Bank and National Feedlot Corporation?
A big part of the National Feedlot Corporation's legal issues involved Public Bank. The Federal Court ordered Public Bank to pay RM90 million in damages to the National Feedlot Corporation and four other parties. This included the chairman, Datuk Mohamad Salleh Ismail, and three companies linked to NFCorp. The case was about Public Bank not keeping bank account information private, which is a very serious matter for any bank.
The Federal Court, you see, said that Public Bank was responsible for breaking trust by sharing confidential information about the National Feedlot Corporation's bank accounts. This decision was upheld by the Court of Appeal, meaning the higher courts agreed on this point. Public Bank tried to appeal this decision multiple times, even taking it to the highest court in Malaysia, but they lost their final appeal in a lawsuit that involved a large sum of money, RM560 million, filed by NFCorp and others. So, Public Bank did not succeed in overturning the rulings against it.
What About the Financial Repayments for National Feedlot Corporation?
As mentioned, the National Feedlot Corporation was told to pay back a good amount of money to the government. One order was for RM120.6 million related to the project in Gemas. There was also a lawsuit from the government asking for RM250 million. The government and NFCorp, in fact, were still talking about settling a suit for RM253.6 million, which included the loan amount and any interest that had built up. This shows that there were several financial obligations that the company was facing.
In one specific court outcome, the High Court in Kuala Lumpur ordered the National Feedlot Corporation Sdn Bhd to pay back RM33.7 million. This came after a trial that went on for nearly three years, with the government as the party bringing the suit against NFCorp and ten other people. These amounts indicate the financial scale of the issues that arose from the project. It seems the company has had a lot to sort out financially.
The Present Situation of the National Feedlot Corporation Site
The entrance gate to the National Feedlot Centre in Gemas, Negri Sembilan, is now left alone. Pictures show it is covered with wild plants, suggesting the site is not in use. This imagery paints a picture of a project that, for now, is not active. It stands as a physical representation of the challenges the National Feedlot Corporation project has faced. So, the place itself tells a bit of the story.
Looking Back at the National Feedlot Corporation Controversy
The public discussion about the National Feedlot Centre, or NFC, really started after a report from the Auditor General in 2010. This report, which came out on October 24, 2011, mentioned that a family, that of Senator Datuk Seri Shahrizat Abdul Jalil, had received a loan of RM250 million and a large piece of land, 5000 acres, in Gemas, Negri Sembilan. This information, you know, brought the project into the public eye in a big way.
However, the text also makes clear that the National Feedlot Corporation did not get the full 5000 acres of land for free. Instead, it received 1500 acres, which is about 607 hectares, in the state. This detail is important for a complete picture of what was reported and what actually happened with the land allocation. It seems there was a slight difference between the initial reports and the actual land given.
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