Part 8: RM8 Billion Diverted — How SDB’s Loans Enriched Peninsular Developers While Sabahans Paid the Price
📌 Introduction Between 2003 and 2018, Sabah Development Bank (SDB) approved approximately RM8 billion in loans to companies based in Peninsular Malaysia . Around 95% of these loans were for property development projects in Kuala Lumpur , Selangor , and Johor —far removed from Sabah’s primary development needs. LINK - Daily Express