SDBank hid RM5bil in bad loans through creative accounting, says Masidi
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 … Read more
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