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KUALA LUMPUR – Opposition leader Datuk Seri Anwar Ibrahim has taken Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz to task, demanding the latter explain why loans amounting to RM2.51 billion were granted to the now-insolvent Genting Hong Kong (HK).
The PKR president, in a statement, questioned the approval of such large loans from Malayan Banking Bhd, CIMB Group, and RHB Bank Bhd to the embattled Hong Kong-based firm, and why the loans were given without any binding guarantees.
Anwar demanded Tengku Zafrul to come forward to explain the discrepancies, especially considering how national assets like Permodalan Nasional Bhd, Khazanah Nasional Bhd, and the Employees’ Provident Fund happen to be the majority investors in the three banks.
“How were the loans, with no guarantees, given so easily to a gambling company?
“Even though the company is registered in Hong Kong, the owners are Malaysian businessmen who should have, at least, given a personal guarantee or from the reserves within companies owned by them in Malaysia.
“The finance minister is urged to explain how the RM2.51 billion in loans will be honoured by Genting HK, who are now insolvent,” Anwar said in the statement.
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The 8171 ehsaas programme offers financial aid to deserving families in Pakistan. By sending their CNIC via SMS or checking online, individuals can confirm eligibility and receive monthly government support.
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07-28-2025, 11:55 PM
(This post was last modified: 07-29-2025, 12:02 AM by tanveerpunialy.)
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This thread raises serious accountability questions—why approve RM 2.51 billion in guarantee‑free loans to a now‑insolvent entity? Thought-provoking topic and worth the debate.
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It’s valid for Anwar to question the rationale behind approving such a large sum in guarantee-free loans, especially during a time when financial accountability and transparency are expected from all levels of government. The public deserves to know whether due diligence was carried out, what the national benefit was, and if the same financial relief would have been extended to smaller local businesses. This situation raises broader concerns about how strategic decisions are made in favor of large conglomerates and whether these moves reflect long-term national interest or short-term bailouts. smm
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Anwar’s question about why RM2.51 billion in guarantee-free loans was approved for Genting HK highlights concerns over transparency, accountability, and the government’s role in supporting private corporations during financial struggles. Critics argue that public funds should prioritize citizens’ welfare rather than large enterprises without clear safeguards. Much like in technology, where users rely on secure methods such as vnrom bypass to regain access to locked devices, financial policies also require protective mechanisms to ensure resources are not misused and that public trust is maintained.
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4 hours ago
(This post was last modified: 4 hours ago by maryam bano.)
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