PAS leader Ahmad Fadhli Shaari has challenged Prime Minister Anwar Ibrahim’s assertion that the RM1.1 billion aid to Sapura Energy Berhad is a repayable loan, arguing that the company’s dire financial state since 2019 makes repayment unlikely. Fadhli questioned why private investors shun the high-risk venture, suggesting the government’s use of public funds reflects Sapura’s lack of competitiveness. Anwar insists the funds, channeled via a Ministry of Finance vehicle to settle vendor debts, won’t be lost, citing new management and a RM1.8 billion “white knight” injection. Fadhli warns that a share price drop could wipe out the government’s investment.
Can Sapura Energy repay RM1.1 billion
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