national feedlot corporation case study

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What Is a Case Study?

When you’re performing research as part of your job or for a school assignment, you’ll probably come across case studies that help you to learn more about the topic at hand. But what is a case study and why are they helpful? Read on to learn all about case studies.

Deep Dive into a Topic

At face value, a case study is a deep dive into a topic. Case studies can be found in many fields, particularly across the social sciences and medicine. When you conduct a case study, you create a body of research based on an inquiry and related data from analysis of a group, individual or controlled research environment.

As a researcher, you can benefit from the analysis of case studies similar to inquiries you’re currently studying. Researchers often rely on case studies to answer questions that basic information and standard diagnostics cannot address.

Study a Pattern

One of the main objectives of a case study is to find a pattern that answers whatever the initial inquiry seeks to find. This might be a question about why college students are prone to certain eating habits or what mental health problems afflict house fire survivors. The researcher then collects data, either through observation or data research, and starts connecting the dots to find underlying behaviors or impacts of the sample group’s behavior.

Gather Evidence

During the study period, the researcher gathers evidence to back the observed patterns and future claims that’ll be derived from the data. Since case studies are usually presented in the professional environment, it’s not enough to simply have a theory and observational notes to back up a claim. Instead, the researcher must provide evidence to support the body of study and the resulting conclusions.

Present Findings

As the study progresses, the researcher develops a solid case to present to peers or a governing body. Case study presentation is important because it legitimizes the body of research and opens the findings to a broader analysis that may end up drawing a conclusion that’s more true to the data than what one or two researchers might establish. The presentation might be formal or casual, depending on the case study itself.

Draw Conclusions

Once the body of research is established, it’s time to draw conclusions from the case study. As with all social sciences studies, conclusions from one researcher shouldn’t necessarily be taken as gospel, but they’re helpful for advancing the body of knowledge in a given field. For that purpose, they’re an invaluable way of gathering new material and presenting ideas that others in the field can learn from and expand upon.

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Kuala Lumpur High Court Absolves National Feedlot Corporation from RM253.6 Million Government Lawsuit

The Kuala Lumpur High Court has ruled in favour of the National Feedlot Corporation (NFCorp) and its chairman, Datuk Seri Dr Mohamad Salleh Ismail, in a government lawsuit.

This verdict delivered a significant blow to the government’s case and ended a 12-year-long legal battle that had the accused entangled in allegations of financial misappropriation.

A Victory for NFCorp and Mohamad Salleh

The verdict upheld that the government failed to provide substantial evidence to prove any wrongful use of the RM250 million loan granted to NFCorp. Consequently, the court ruled that there was no breach of fiduciary duties by the defendants. NFCorp and Dr Mohamad Salleh expressed relief and satisfaction upon the court’s ruling, which they believe vindicates them from years of slander and false allegations.

Government Breaches Agreements

The court also found the government guilty of breaching the Implementation Agreement and the Loan Facility Agreement. The verdict stated that NFCorp is not required to repay the loan, and the investment properties purchased using the loan will be transferred to the government. This verdict has significant implications for the government, which may now need to reassess its legal strategies in pursuing large-scale financial misconduct cases.

NFCorp’s Counterclaim Upheld

The court additionally upheld NFCorp’s counterclaim for the breach of agreement by the government. NFCorp was awarded nominal damages of RM10,000. This counterclaim victory further strengthens NFCorp’s position and highlights the issue of the government’s handling of the case.

End of a 12-year Long Battle

This ruling marks the end of a long-standing legal battle that has spanned over a decade. The case has been a source of significant media attention and public scrutiny, and the verdict is seen as a turning point in the legal landscape concerning government lawsuits on financial misconduct. The clearing of the charges against NFCorp and its chairman could potentially lead to a review of the legal and regulatory frameworks to prevent such protracted legal battles in the future.

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Asim Ahmed Khan stands out as a globally-recognized journalist, with bylines gracing the pages of top-tier media outlets like GNN and CNN. With over seven years in the field, Asim's portfolio spans an impressive array of subjects, from terrorism and human rights to social injustices, reflecting his relentless pursuit of the truth. With two journalism accolades under his belt, Asim boasts affiliations with esteemed institutions such as ICFJ, PAUN, PPF, and GNMI. His commitment to journalism remains unwavering, consistently delivering insightful investigative reports to audiences worldwide.

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No One Has Ever Become Poor By Giving!

• TI-M strongly urges the Government to recover money from NFC by all legal means and where necessary to freeze its assets
• News & Events
• Press Releases

PRESS STATEMENT, 6 November 2014, Kuala Lumpur  – Transparency International – Malaysia (TI-M) notes the Government’s issuance of an event of default notice to the National Feedlot Corporation (NFCorp) for failing to repay its 2014 instalment of a soft loan and for which the Government intends to take legal action.  However TI-M strongly urges the Government to go all the way to seek redress for this serious breach by the NFCorp and all related wrongdoers.

TI-M understands that NFCorp is a private company owned by Agroscience Industries Sdn Bhd, with participation from the  Government of Malaysia . Its commercial interest is the development of a planned, integrated and sustainable  Malaysian  beef industry through the development of the fully integrated  livestock  farming and  beef  production facility that manages the importation of livestock, feedlotting, slaughtering, processing, packing and marketing of beef in Malaysia.

The Government had loaned RM250mil to NFCorp for its National Feedlot Centre cattle rearing project.  The project was awarded to NFCorp and as reported in the press the company was controlled and operated by the family of a former Minister, whose husband chaired the company’s board of directors, which included their three children.

The NFCorp – which was meant to be the centre of production for beef and beef products in Malaysia – hit the limelight following the publication of the Auditor-General’s Report (AG’s report) in 2010, which reported alleged misuse of funds involving the purchase of two luxury condominiums in Bangsar, luxury cars, office rentals and overseas holidays for the directors’ family members.

The A-G’s report said that the NFCorp was in a mess and it had failed to meet its target. NFCorp was to repay the loan to the Government from 2012 to 2028.  To date, the government has only recovered RM79.9 million from the RM250 million it loaned to NFC and the balance of RM170 million has yet to be received.  Repayments for this year, which matured in January 6, had yet to start.  As a result, Putrajaya has issued a notice to NFCorp in May, giving it a 90-day extension to repay the loan.

But the company failed to adhere to the new deadline, prompting Putrajaya to issue an event of default notice on September 4 to the company to terminate the loan agreement and initiate legal action to recover the whole balance of the loan amount.

TI-M strongly supports the efforts by the Government to recover the monies owed including all interest, loss and damages from NFCorp.  The Government should also freeze the company’s accounts and assets using all relevant laws including where appropriate the Anti-Money Laundering and Anti-Terrorist Financing Act 2001.  Claims should also be made against all parties and individuals including its officers and directors who benefitted from any wrongdoing of the company.

The Government must also seal all NFCorp’s assets amounting to RM23 million relating to alleged criminal breach of trust laws.  The Government must also rigorously pursue legal proceedings against the Chairman of NFCorp, who pleaded not guilty in March last year to two counts of criminal breach of trust involving some RM49.7 million, with regards to the purchase of two condominium units and two other charges under the Companies Act.

Besides NFCorp, the Government should also launch an offensive against other loan defaulters and to change perception that the government tend to be soft towards large borrowers.

TI-M urges the Government should publish a list of borrowers online on their status, amount borrowed, progress, loan repayment so the public are aware and also it would boost transparency and accountability.

Going forward, TI-M recommends that the Finance Ministry draws a standardized, clear and transparent guidelines in relation to disbursement of soft loans for government projects to avoid negative perception and suspicion.  Clear criteria should be given on the amount of soft loans granted to companies for government projects.  The directors of the companies receiving such loans must be made personally liable for the repayment of the loans, which might not be the case with the NFCorp scandal. Sad to say, the Government did not impose personal guarantees on the directors of NFCorp.

In future, before approval of any loan, the authority should proactively conduct a thorough integrity due diligence and risk analysis when selecting the competence of companies to handle the project including in the financial, technical aspect and experience. The companies must have a strong internal control policies which will ensure compliance with internal code of ethics, applicable laws, policies and procedures.

TI-M also proposes that all political and civil servants declare interest if any immediate family members have been granted any government soft loans. To prevent further loss, section 23 of MACC Act 2009 must be amended.  Failure to take such steps mentioned is a great travesty to the Malaysian tax payers.

The time is now opportune for the Government to show its mettle and to be more transparent on the process of giving soft loans to cut down the possibility of misappropriation, corrupt practices, to prevent nepotism and ensure proper protection of public fund.

• Press Releases (320)
• Newsletters (40)
• Corruption in the News (5)
• Publications (14)

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