Public anger rises over Anwar's Sapura Energy bailout

scmp.com

Malaysia's Prime Minister Anwar Ibrahim faces growing public anger over a proposed 1.1 billion ringgit ($230 million) bailout for Sapura Energy. Critics argue the funds should support the struggling public health sector instead. The Malaysian Anti-Corruption Commission has launched an investigation into Sapura Energy amid allegations of financial misconduct. The probe focuses on money laundering and misappropriation dating back to 2018. Anwar defends the bailout, stating it aims to settle debts to vendors and prevent disruptions in the oil and gas sector. This stance contrasts with his previous opposition to bailouts during his time as finance minister.


With a significance score of 2.7, this news ranks in the top 27% of today's 18421 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


loading...