KOTA KINABALU: Decades of creative accounting at state-owned Sabah Development Bank (SDBank) hid losses through non-performing loans (NPLs) amounting to over RM5bil, says state Finance Minister Datuk Seri Masidi Manjun.
In a detailed and stunning disclosure at the state assembly here on Wednesday (July 10), Masidi said the NPLs made up 75% of the total RM6.6bil loans issued by the bank as of May.
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