SDB appoints new auditor amid unprecedented loss


KOTA KINABALU: Sabah Development Bank (SDB) is undertaking a comprehensive review following an unprecedented loss of RM878mil for the financial year 2023, despite having recorded cumulative profits of RM680mil over the past six years since 2017.

“SDB is conducting a thorough review and will take appropriate action to ensure accountability for those found responsible for the unprecedented loss,” said the bank in a statement on Friday (Sept 27).

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