NFC chairman and children sued by Maybank Singapore on defaulted S$ 2.53 million housing loans

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KUALA LUMPUR : A lawsuit has been filed by Maybank Singapore Limited against National Feedlot Corporation(NFC) chairman Datuk Dr Mohamad Salleh Ismail and his two children for allegedly defaulting on two housing loan facilities amounting to S$2,534,203.41 (RM 7.9 million) for properties in Singapore – Mohamad Salleh is the husband of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil.

The plaintiff, Maybank Singapore Limited, filed the suit through Messrs Benjamin Dawson on July 19 in the High Court of Kuala Lumpur naming Mohamad Salleh, 73, Wan Shahinur Izran, 37, and Wan Izzana Fatimah Zabedah, 35, as the first, second and third defendants.

Maybank Singapore Limited in its statement of claim claimed that the plaintiff had provided a housing loan for a property in Orchard Scotts, Singapore totalling S$4.3 million (RM 13.4 million) subjects to the terms and conditions in the offer letters dated Nov 20, 2009, and Nov 10, 2017, at the request of the defendants. 

The plaintiff claimed that it had exercised its rights under the mortgage and obtained a court order from the Singapore High Court to repossess the properties and sell them through an auction, however, it was insufficient to settle the whole outstanding amount of the loan. Hence, the plaintiff applied to the court to enter judgment against all the defendants including demanding the amount owed totalling S$1.36 million (RM 4.2 million) from the three defendants and S$1.16 million from the first and second defendants. -BERNAMA

*Photo for illustration purpose only.

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