State assembly erupts over 'rescue' of Sabah International Petroleum, Masidi defends actions

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State assembly erupts over 'rescue' of Sabah International Petroleum, Masidi defends actions
Sabah State AssemblyMasidi ManjunSabah International Petroleum
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KOTA KINABALU, July 10 — The Sabah State Legislative Assembly experienced a brief tumultuous moment when some members raised their voices and yelled unintelligible words as...

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Should banks be made fully responsible for fraud cases? Deputy minister says losses covered unless due to users' negligence Masidi continued, “We took over SIP and paid the RM700 loan because one, SIP belongs to the government, and two, Sabah Development Bank belongs to the government. SIP owes to a bank owned by the government. If SIP does not pay the bank, the bank will encounter monetary problems since it will have no more money for business purposes. We had to take both into consideration.”

Masidi added, “Before I leave, I want to contribute my little to the State so that I can feel that I have done something good for our State. There is no other intention. I am 74. I am the oldest here. I have no other intention but to do a good job while there is still an opportunity to do this job. That is all.”

The difference, Masidi said, was that Shafie did not tackle it during his time, while Hajiji attempted to tackle the problem. He said that during the Warisan government, the supplementary budget was RM1.3 billion while during the Barisan Nasional government, the supplementary budget was RM2.5 billion.

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Sabah State Assembly Masidi Manjun Sabah International Petroleum

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