MACC probing alleged abuse in bank’s loan approvals

KOTA KINABALU: The Malaysian Anti-Corruption Commission (MACC) is examining possible abuse in the issuance of loans over the years at state-owned Sabah Development Bank (SDBank), says Datuk Seri Masidi Manjun.

The state Finance Minister said the new SDBank board and management had lodged a report with the MACC in April this year to look into the allegation of abuse in the issuance of loans.