NEWS

In Bafia trial, NFC chair says only answerable to board members

Alyaa Alhadjri

Published
Modified 20 Apr 2017, 11:22 am

While set-up using a RM250 million government loan, the National Feedlot Corporation (NFC) remains to be a private company that is only answerable to its board members and shareholders.

NFC chairperson Mohd Salleh Ismail said this as the first prosecution witness in the trial against PKR vice-president Rafizi Ramli under the Banking and Financial Institutions Act (Bafia) Act 1989.

“I am audited as a private company and I am answerable to my board...

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