Malaysia

MACC investigates RM300 mil loan to AirAsia

This comes after CM Datuk Seri Hajiji Md Noor urged the anti-graft body to look into the matter

Updated 3 years ago · Published on 28 Oct 2020 5:07PM

MACC investigates RM300 mil loan to AirAsia
The Malaysian Anti-Corruption Commission confirms an investigation has been launched into the RM300 million loan made out to AirAsia Group by Sabah Development Bank. – The Vibes file pic, October 28, 2020

by Jason Santos

KOTA KINABALU – The Malaysian Anti-Corruption Commission (MACC) today confirmed to The Vibes an investigation has been launched to look into the RM300 million loan made out to AirAsia Group by Sabah Development Bank (SDB).

Sabah MACC director S. Karunanithy did not share further details about the probe.

Earlier, newly minted Sabah Chief Minister Datuk Seri Hajiji Md Noor called for the anti-graft body to investigate the loan that was approved by the previous Warisan state government.

The Daily Express reported that the loan was approved during the previous Warisan-led government on July 2 by SDB but was “hurriedly disbursed” a few days after Gabungan Rakyat Sabah won the state election. 

Meanwhile, Sabah Progressive Party leader Datuk Seri Yong Teck Lee has questioned the approval of the loan as the Sabah government-owned bank is supposed to focus on state development. 

He added the loan could be used to bail out AirAsia from its debt. 

Former state agriculture and food industries minister Datuk Junz Wong said he was involved in the financing, having partly been involved in seeing AirAsia’s OurFarm project take off. 

Wong, who is Warisan vice-president, refused to comment on the investigation.

On how he is going to respond to the matter, he said: “I’ll debate this during the budget tabling in the state assembly.

“Building logistics hubs with refrigerated containers and cold storage rooms in Kota Kinabalu, Tawau and Sandakan could be a game changer for Sabah, especially for its agriculture industry.”

He said the attack on the project by certain politicians showed that they did not look into how the loan could benefit Sabah’s economy. 

“How does RM300 million save AirAsia? Totally stupid.” – The Vibes, October 28, 2020

Related News

Malaysia / 1d

Menteri besar’s son among 6 remanded in MACC false claim probe

Malaysia / 3w

Honeymoon over, time to catch the bees, king tells MACC

Malaysia / 4w

Azam declines to comment on claims that MACC targeting Mahathir

Malaysia / 1mth

Graft allegations against senior officer baseless, says ministry

Malaysia / 1mth

AirAsia unveils fixed-rate, late-night prices for Raya travel to Sabah, Sarawak

Malaysia / 1mth

Ministers involved in corruption must be dropped from Cabinet - PM Anwar

Spotlight

Malaysia

MACC confirms probe into Dr Mahathir

Malaysia

Little girl calls for naval mother at funeral

Malaysia

Demand for water expected to double by 2050

By Ian McIntyre

EPF introduces flexible account to allow withdrawal

Malaysia

Youth not interested in joining political parties, study shows

By Alfian Z.M. Tahir

Malaysia

Navy reveals names of 10 killed in helicopter collision in Perak

You may be interested

Malaysia

Not practical to ban 24-hour restaurants, says lawmaker

By Noel Achariam

Malaysia

Demand for water expected to double by 2050

By Ian McIntyre

Malaysia

Talks under way to build Forest City casino

Malaysia

Perlis MB to 'leave it to MACC to investigate my son'

By Ian McIntyre

Malaysia

Sarawak PKR: Time for state to review outdated land laws

By Stephen Then

Malaysia

Youth uninterested in joining politics

Malaysia

Sarawak family in fight to protect native land

By Stephen Then

Malaysia

Bersatu man to represent Perikatan in Kuala Kubu Baharu