Audit: 8 borrowers with RM522m debt got write-off approval in 2020

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Eight borrowers with outstanding loans totalling RM522.37 million got approval for a write-off in 2020, according to the Auditor-General’s Report.The report said among the borrowers who got the write-off approval were Malacca with RM216.75 million, Pahang (RM205.72 million), Dewan Bandaraya Kuala Lumpur (RM42.02 million) and Syarikat Lebuhraya Shapadu Sdn Bhd (RM32.13 million).In line with the write-offs, a sum of RM171.06 million has been adjusted with the Loan Registry, it said.The adjustments comprised of a principal loan by Kumpulan Wang Pembangunan totalling RM70.15 million, interest amounting to RM88.36 million, late interest charges of RM6.41 million and a principal loan by Kumpulan Wang Pinjaman Badan Berkanun of RM6.16 million.“The balance of a principal loan by Kumpulan Wang Pinjaman Badan Berkanun totalling RM351.31 million has not been adjusted because the allocati…