KUALA LUMPUR: Former economy minister Datuk Seri Rafizi Ramli's move to initiate bankruptcy proceedings against National Feedlot Corporation Sdn Bhd (NFCorp) director Datuk Seri Dr Mohamad Salleh Ismail, along with winding-up proceedings against the company, has been amicably resolved. Previously, it was reported that Rafizi had acknowledged payments totaling RM300,000 by Mohamad Salleh and NFCorp, which were made through their solicitors in December 2022. In 2016, the High Court here ordered Rafizi to pay RM150,000 in damages to Mohamad Salleh and RM50,000 in damages to NFCorp after allowing their suit against him. Rafizi was also ordered to pay RM100,000 in costs to Mohamad Salleh. In 2019, the Court of Appeal allowed Rafizi's appeal and ordered that the RM200,000 in damages and RM100,000 in costs previously paid to Mohamad Salleh and NFCorp be returned to Rafizi.

Source: The Star March 10, 2026 09:35 UTC