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Masidi hits back at Shafie over RM1bil debt settlement

today13 August 2025

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masidi-manjun
Sabah finance minister Masidi Manjun said the claim that Warisan had to ‘find’ RM600 million in a matter of months ignored the reality that the payment schedule had been in place since 2014. (Bernama pic)
PETALING JAYA:

Sabah finance minister Masidi Manjun today hit back over the 2019 repayment of a RM1 billion federal bond, accusing Warisan president Shafie Apdal of creating the misleading impression that the debt was settled within a single year.

Shafie alleged that when he took over as chief minister in 2018, there was only about RM400 million in the sinking fund set up for the repayment of the bond upon its maturity.

But Masidi said records showed that contributions to the sinking fund were made in stages and as scheduled: RM2 million in 2016 (tabled in 2015), RM200 million in 2017 (tabled in 2016), RM400 million in 2018 (tabled in 2017), and RM380 million in 2019 (tabled in 2018).

“The remaining RM18 million was covered through interest earned from the fund’s…

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Written by: FMT Reporters

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