A-G's report: Nearly half of 1,091 loans given by govt in arrears, some never serviced at all

PETALING JAYA: The Federal Government has a large number of bad loans that are yet to be recovered, reveals the Auditor-General’s Report.

A check by the department on loans taken by state governments, companies, statutory bodies, local governments and various other agencies and corporations revealed that 451, or 44.3%, of 1,091 loans, have loan repayment arrears of between one and 41 years.