On the first day of trial on Jan 13, senior federal counsel Azizan Md Arshad told Judicial Commissioner Anand Ponnudurai that the government will call six witnesses to testify.
Other defendants are six companies controlled by Mohamad Salleh’s family, comprising National Meat & Livestock Corporation Sdn Bhd, Real Food Corporation Sdn Bhd, Meatworks Corporation Sdn Bhd, Agroscience Industries Sdn Bhd, Asian Bioscience Corporation Sdn Bhd, and Techknowlogy Imageware Sdn Bhd. Azizan told the court that the NFC was required to repay the loan and interest on the amount drawn in 17 years instalment of RM17,492, 460.20 each commencing on Jan 9, 2012 until Jan 9, 2028 in accordance with the repayment schedule provided by the Malaysian government.
Azizan further said that on March 21, 2014, the government issued a letter and notified NFC to remedy the breaches within 90 days, failing which, it would allow the government to exercise its right to cancel the loan and demand for a full repayment of the sum due under the Facility Agreement.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaysiakini - 🏆 20. / 51 Read more »
Source: malaysiakini - 🏆 20. / 51 Read more »