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

Business / 2w

Maritime expert continues to seek updates on cargo report

Malaysia / 2w

MACC chief urges staff to confront weaknesses, learn from mistakes

Malaysia / 2w

Asset declaration: Why involve my 12-year-old son, asks Saravanan

Malaysia / 3w

MACC orders Saravanan, wife, and three children to declare assets

Malaysia / 4w

Abdul Azeez and children ordered to declare assets within a month

Malaysia / 4w

Najib’s house arrest does not end other legal battles, MACC probe to continue

Spotlight

Malaysia

Bersama suspends Nik Nazmi from party activities for three months

Malaysia

‘We have better things to do than orchestrate khalwat raids’ - Amirudin

Malaysia

Social media posts ‘emerge’- defending Ismail after Tuanku Muhriz’s public rebuke

World

Trump’s Muhammad joke about Iran presidency falls flat at Georgia rally

Health

Haze can cause life-threatening lung inflammation in cats and dogs, vet warns

World

Australia detects deadly H5N1 bird flu on Macquarie Island, threatening elephant seals

Malaysia

Agong warns against using social media to spread hatred, insult others

Malaysia

Nik Nazmi acknowledges he is the individual detained by JAIS

You may be interested

Malaysia

Woman arrested after headless baby found in Terengganu drain

Malaysia

Johor hotspots lead Malaysia’s haze tally as 25 localities record unhealthy air

Malaysia

Malaysia’s baby bust: A silent crisis threatening the nation’s future prosperity

Malaysia

Suspicion over fake accounts defending Ismail after royal rebuke

By Alfian Z.M. Tahir

Malaysia

E-wages dashboard to track compliance of RM2k minimum wage hike from June 2027

Malaysia

Cannabis haul seized in Thailand could fetch RM1.96m in Malaysia

Malaysia

Zara Qairina inquest verdict set for Jan 15 (UPDATED)

Malaysia

Declining birth rate among the Chinese community worrying, says Penang Exco

By Ian McIntyre