New SDBank board lodges MACC report over RM5bil in bad loans


KOTA KINABALU: A revamp is on the cards for state-owned Sabah Development Bank (SDBank), with graft busters asked to look into issues involving loan issuances in previous years.

State Finance Minister Datuk Seri Masidi Manjun said the new SDBank board and management lodged a report with the Malaysian Anti-Corruption Commission (MACC) in April over alleged abuse in loan issuance.

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