ALOR SETAR: Kedah Mentri Besar Datuk Seri Azizan Abdul Razak broke his silence Tuesday over allegations of losses incurred by a state-owned company in a project in Papua New Guinea, and seemed to have opened a Pandora's box.
He said a senior officer of the state-owned Kedah Corporation Bhd, who had since gone missing, had secured a USD40mil (RM122.1mil) offshore loan from a bank in the United Kingdom in 2009 without the knowledge of the board of directors and had worked with another company to invest in a plantation and logging project in Papua New Guinea (PNG).
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