KOTA KINABALU: State-owned Sabah Development Bank (SDBank) recorded losses of over RM5bil in non-performing loans (NPLs) that were hidden through decades of creative accounting, says state Finance Minister Datuk Seri Masidi Manjun.
He said the RM5bil in NPLs reflected 75% of the total of RM6.6bil in loans released by the bank as of May this year.
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