SAVE Rivers

SAVE Rivers

Wednesday, 22 August 2012

Sarawak Energy’s RM30b loan stumps DAP

Joseph Tawie | July 18, 2012

Who approved RM30 billion loan for Sarawak Energy Bhd which recorded an annual after tax profit of only RM330 million?

KUCHING: How did Sarawak Energy Bhd (SEB) manage to secure a RM30 billion loan when its annual after tax profits amounted to only RM330 million? Is it because SEB or Sarawak Electricity Supply Corporation (Sesco) is a state government- owned company?

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