Who suffered losses in the National Feedlot Centre project?

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National Feedlot Corporation Executive Chairman Claims Losses Due to Project Suspension

Datuk Seri Mohamad Salleh Ismail, the executive chairman of National Feedlot Corporation Sdn Bhd (NFCorp), asserts that he and his company incurred losses due to the National Feedlot Centre project's failure, attributing this to government actions that led to the project's suspension. He is pursuing a counter claim of RM86 million against the government for these alleged losses.
Government Actions Led to Project Setback, Claims Mohamad Salleh

Mohamad Salleh stated that the government's actions, including the seizure of NFCorp's funds and the suspension of the project, prevented its success. He argued that the government's failure to provide essential infrastructure, such as an adequate abattoir, was a primary reason for the project's inability to meet its objectives. This, he contends, resulted in financial losses for him and his company.
Production Targets Not Met Due to Insufficient Slaughtering Capacity

The executive chairman denied that NFCorp failed to meet the 2010 production target of 6,000 cattle slaughtered. He explained that the company successfully imported over 8,000 cattle from Australia. However, the limited capacity of the company's self-built mini abattoir, which could only process 30 cattle daily compared to the required 700, meant that the target could not be achieved, irrespective of the number of cattle imported.
Government Loan and Subsequent Withdrawals Detailed

The government provided a loan of RM250 million to NFCorp on December 6, 2007, intended for the establishment and operation of the National Feedlot Centre. Court proceedings revealed claims that Mohamad Salleh's family made ten withdrawals totalling RM18.51 million from January 24, 2008, to January 3, 2011. The government is currently suing NFCorp to recover RM253.6 million in loan repayments and accrued interest.

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Who suffered losses in the National Feedlot Centre project?

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