Putrajaya fails to prove case against NFCorp, court rules no evidence of fraud

Editors Note: The earlier version of this article erroneously reported that the court ordered NFCorp to repay its RM120.6 million loan to Putrajaya. The error is regretted.

The Kuala Lumpur High Court this afternoon ruled that Putrajaya failed to prove any wrongful use of the RM250 million loan to National Feedlot Corporation (NFCorp).

Civil court judge Anand Ponnudurai was delivering his verdict over the federal government’s lawsuit against NFCorp and 10 other defendants, which included the company’s executive chairperson Mohamad Salleh Ismail, who is the husband of former Wanita Umno chief Shahrizat Abdul Jalil.

Anand ruled that there was no wrongful use of...