Malaysia

Warisan welcomes MACC probe, Shafie defends AirAsia loan

Former CM says the RM300 million is part of Sabah’s plan to help supplement income for farmers

Updated 5 years ago · Published on 28 Oct 2020 6:08PM

Warisan welcomes MACC probe, Shafie defends AirAsia loan
Former chief minister Datuk Seri Mohd Shafie Apdal today welcomed MACC’s investigation into Sabah Development Bank’s RM300 million loan to AirAsia Group. – The Vibes file pic, October 28, 2020

by Jason Santos

KOTA KINABALU – Former chief minister Datuk Seri Mohd Shafie Apdal today welcomed the Malaysian Anti-Corruption Commission (MACC) investigation into Sabah Development Bank’s (SDB) RM300 million loan to AirAsia Group. 

Shafie, who is also former state finance minister and Warisan chief, said he has nothing to hide, adding that the loan was not approved overnight and that the state-owned SDB “did their homework before approving it”. 

“AirAsia is a firm registered with Bursa Malaysia, therefore any transaction valued at RM300 million would need approval after all lending requirements are met. 

“The budget carrier has a plan that would benefit Sabah and targeted to offer 100,000 jobs in the state,” he said in a statement today. 

Aside from establishing an e-commerce platform for Sabah farmers, AirAsia is setting aside RM110 million to develop the Kota Kinabalu International Airport as its international hub, Shafie said. 

He said the airline’s plan was in line with the Sabah Agriculture Development Action Plan 2021-2030 that was launched by the previous Warisan administration to transform the state’s agriculture industry and enhance national food security. 

He added as then chief minister he felt that the state should not rely only on Malaysia Airlines but other carriers should be given a chance to grow. – The Vibes, October 28, 2020

Related News

Malaysia / 1w

Johor state election: MACC receives three reports of alleged corruption

Malaysia / 1w

MACC: No one off limits in probe into US$13 million luxury property deal

Malaysia / 1w

Two company directors among three detained for false RM20m financing

Malaysia / 2w

Any pardon for Jho Low by the US won’t affect our stand – PM Anwar

Malaysia / 2w

NFCC advisory role sparks questions; Hamzah seeks clarity on Azam Baki appointment

Malaysia / 4w

MACC probes elephant transfer deal after RM53 million leak claims surface

Spotlight

Malaysia

PRNNS: Loke: 'We must win all 11 seats to help PH form state government'

Sports & Fitness

Spain ends Argentina’s World Cup reign with extra-time triumph to reclaim global crown

World

Cat found alive after being buried under Venezuela quake rubble for days (video)

Malaysia

“Resign if you attack fellow Unity Government partners,” Anwar enforces discipline

Malaysia

PH youth wing calls on BN ministers to quit cabinet over PN electoral alliance

Malaysia

Rosmah asks for prayers as Najib prepares for medical procedure

Malaysia

Woman at a loss after fake Hong Kong lawyer offers to recover money from previous scam

You may be interested

Malaysia

PAS-BN talks: A political reunion haunted by old wounds and a question of trust

By Alfian Z.M. Tahir

Malaysia

Over 3 billion suspicious SMS, 2.5 billion fraudulent calls blocked by MCMC

Malaysia

Immigration tracks 19 Network School foreign nationals who vanished from official records

Malaysia

140 Palestinian NGOs support Khan over denial of due process

By Abbi Kanthasamy

Malaysia

Police probe possible online group influence behind Banting school stabbing incident

Malaysia

Three killed after lorry crashes into parked trailer on East-West Highway

Malaysia

AirBorneo an important ‘air bridge’ between Sarawak, Peninsular Malaysia – Abang Jo

Malaysia

Activist charged over alleged desecration of Hindu sacred object at Langkawi temple site