SDB may be in jeopardy: DCM
Published on: Tuesday, October 27, 2020
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Kota Kinabalu: Parti Solidariti Tanah Airku (Star) President Datuk Seri Panglima Dr Jeffrey Kitingan (pic) said the State Government should heed former Chief Minister Datuk Seri Yong Teck Lee’s warning that Sabah Development Bank’s controversial RM300 million loan to Malaysian low-cost airline AirAsia be reviewed.

The Deputy Chief Minister said judging by the current economic condition, the loan which was approved by the previous Warisan State Government could put SDB in financial jeopardy. 

 “Since the bank’s main objective is to finance development projects in Sabah, it is a wonder why the little money it has should go to an ailing aviation company that is bogged down with RM66 billion in debt.


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