Maybank Singapore sues NFC chairman and his children over housing loan default

Maybank Singapore Ltd sued National Feedlot Corp Sdn Bhd (NFC) chairman Datuk Seri Mohamad Salleh Ismail and his two children over defaulting on two housing loan facilities for properties in Singapore.

On July 19, Maybank Singapore has filed the suit at the High Court through law firm Messrs Benjamin Dawson.

The suit named Mohamad Salleh as the first defendant, while his children Wan Shahinur Izran and Wan Izzana Fatimah Zabedah were named as second and third defendants respectively.

Mohamad Salleh is the husband of former women, family and community development minister and former UMNO Wanita chief, Tan Sri Shahrizat Abdul Jalil.

In a statement of claim, Maybank Singapore is seeking the court’s judgement over the outstanding loan the defendants still owe which is amounting to a total of S$2.53 million (RM7.9 million).

As for the first housing loan facility, Maybank Singapore has loaned the defendants S$4.37 million (RM13.7 million) for the purchase of a luxury apartment in Orchard Scotts in 2009.

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The Asian Affairs

The Asian Affairs

Sharing the latest news from 4 different countries in SouthEast Asia! https://www.theasianaffairs.com/

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