KUALA LUMPUR: A number of taxation reform measures will be implemented next year to expand the country's revenue base and at the same time not burden the majority of the people.
KUALA LUMPUR: The High Court here on Friday ordered the National Feedlot Corporation Sdn Bhd to repay the government RM120.6mil in connection with the National Feedlot Centre project in Gemas, Negri Sembilan.
Judge Anand also ordered all the 11 defendants to return land in Gemas, Putrajaya and One Menerung here, which were purchased with the loan, to the government which is the beneficial owner of the properties. The other defendants are six companies controlled by Mohamad Salleh’s family, namely, 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 Technology Imageware Sdn Bhd.
Judge Anand, in his judgment, said there was no proof that the loans had been misused by the defendants. In not allowing the government's full claim for RM253.6mil in loans for the project, Judge Anand said the plaintiff had failed to put its case of the alleged conspiracy, fraud, and fraudulent breach of trust of the loan monies to the defendants' witnesses during their cross-examination.
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