Sat, 20 Jul 2024

HEADLINES :


Difference between 1MDB and SMJ Energy is nobody in Sabah govt pockets the money: Masidi
Published on: Wednesday, July 10, 2024
By: Jonathan Nicholas
Text Size:

Difference between 1MDB and SMJ Energy is nobody in Sabah govt pockets the money: Masidi
The Sabah Finance Minister said monies withdrawn in the 1MDB scandal were stolen but in the case of the GRS government, banks have approved the payments. (Bernama file pic)
Kota Kinabalu: The difference between 1MDB and SMJ Energy Sdn. Bhd. paying off Sabah International Petroleum’s (SIP) debts through sukuk bonds is that no one in the government pockets the money, said State Finance Minister Datuk Seri Masidi Manjun (PGRS – Karanaan).

Masidi said monies withdrawn in the 1MDB scandal were stolen but in the case of the GRS government, banks have approved the payments.

“Why can’t SMJ (Energy) help? It has just declared an audited profit today of RM259 million. Don’t worry, we are not 1MDB,” he told Datuk Seri Mohd Shafie Apdal (Warisan – Senallang) at the State Legislative Assembly on Wednesday.

Shafie was asking why the government took out a RM900 sukuk loan to pay SIP’s debts.

* Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access.

* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.





ADVERTISEMENT






Top Stories Today

Sabah Top Stories


Follow Us  



Follow us              

Daily Express TV  







close
Try 1 month for RM 18.00
Already a subscriber? Login here
open

Try 1 month for RM 18.00

Already a subscriber? Login here