While set-up using a RM250 million government loan, the National Feedlot Corporation (NFC) remains to be a private company that is only answerable to its board members and shareholders.

NFC chairperson Mohd Salleh Ismail said this as the first prosecution witness in the trial against PKR vice-president Rafizi Ramli under the Banking and Financial Institutions Act (Bafia) Act 1989.

“I am audited as a private company and I am answerable to my board...