How much money has the government recovered from the NFC loan so far?

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Government Recovers RM79.9 Million of RM250 Million Loan to NFCorp

The Malaysian government has successfully recovered RM79.9 million of the RM250 million soft loan provided to National Feedlot Corporation (NFCorp) for its National Feedlot Centre (NFC) project. This recovery was facilitated through actions taken under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
Confiscated Assets Valued at RM23.3 Million

In addition to the cash recovered, the government also seized assets belonging to NFCorp with a total valuation of RM23.3 million. These seized assets include significant real estate holdings, specifically two plots of land located in Putrajaya and three plots of land in Gemas.
Menerung Township Villa Properties Also Seized

Further properties that were confiscated as part of the recovery efforts include two units of real estate situated within the Menerung Township Villa development. These seizures are part of the government's broader strategy to reclaim funds and assets linked to the NFC project.
RM170 Million Remains Unrecovered

As of the latest update, approximately RM170 million of the original RM250 million loan amount is still outstanding and yet to be recovered by the government. This indicates that a substantial portion of the loan remains to be addressed through ongoing recovery processes.

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How much money has the government recovered from the NFC loan so far?

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