NFCorp former chairman fails to strike out CBT charges

On March 12, 2012, Mohamad Salleh, 65, as director of NFCorp was alleged to have committed criminal breach of trust by misappropriating RM9,758,140 in four cheques to make part payment for the purchase of two units at 'One Menerung' condominium in Kuala Lumpur.

The offence was allegedly committed between Dec 1 and 4 at the CIMB Islamic Bank, Jalan Burhanuddin Helmi in Taman Tun Dr Ismail.

He also faces a second charge of transferring a RM40 million cheque into the National Meat & Livestock Corporation Sdn Bhd account of which he and one of his children were joint account holders at the same bank between May 6 and Nov 16, 2009.

Both charges were under Section 409 of the Penal Code which provides for a maximum jail sentence of 20 years and caning, as well as fine, upon conviction.

In November last year, Prime Minister Datuk Seri Najib Razak said the government will revoke the contract with NFC for failing to repay a RM250 million loan.

He said the NFC had failed to repay the loan installment on January 9 (due date).

In December last year, Negri Sembilan Menteri Besar Datuk Seri Mohamad Hasan said the state government government is now in the process of taking back the land used by NFC in Gemas, and plans to operate the farm which is now poorly run.