NFCorp: No CBT, No Misappropriation of Loans, No Nothing ...

Rafizi Ramli hasn't been having a good spell lately. This one is going to spoil more than his day, for sure ...

News Release

TUESDAY 24 NOVEMBER 2015

NFCorp chairman completely acquitted and discharged of all criminal charges by sessions court

·      No misappropriation of loan, no Criminal Breach of Trust
·      RM250 million a commercial loan, not a grant from public funds
·      Loan installments paid on time
·      Property purchase made by NFCorp subsidiary company as an investment for NFCorp according to terms and conditions of the loan agreement, and not purchased by Datuk Salleh in his name or for personal or family gain
·      Court of Appeal recommended for Datuk Salleh to seek redress with AG


KUALA LUMPUR --- The sessions court presided by judge Puan Nursharidah Awang today completely acquitted and discharged National Feedlot Corporation chairman Datuk Dr Mohamad Salleh Ismail of all criminal charges in view of the decision of the Attorney-General who has decided to drop the charges against Datuk Dr Salleh after considering the facts, evidence and merits of the case, and the recommendation of the Court of Appeal of 28 August 2015 which was brought by way of a representation letter to the AG.

The representation letter included evidence to show that there was no misappropriation of the loan nor CBT. It was also revealed that the RM250 million was a commercial loan, not a grant from public funds, and repayments were paid on time. Properties were purchased by an NFCorp subsidiary company as an investment for NFCorp according to the terms and conditions of the loan agreement, and not purchased by Datuk Salleh in his name or for personal or family gain.

DPP Tuan Syed Faisal Syed Amir appeared for the prosecution while Tan Sri Dr Muhammad Shafee Abdullah, Al Firdaus Shahrul Naing, Syed Ismat Syed Muhamad and Farhah Mustafa appeared for Datuk Dr Salleh.