Reports by MARTIN CARVALHO, HEMANANTHANI SIVANANDAM, RAHIMY RAHIM and TARRENCE TAN
THE Auditor-General has expressed concern that only a small fraction of new loans was used for development projects.
Auditor-General Datuk Nik Azman Nik Abdul Majid said that of the RM138.559bil in new loans, 59.9% or RM82.723bil was used to repay matured debts.
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