The objective of FPDSB establishment has been achieved, the auditor report stated. — Bernama file pic
The audit report said that this has resulted in delay payment of loan from the companies which had borrowed the fund. “Company 24 was given a loan despite not fulfilling the criteria of own land ownership or at least lease for 20 years and operating in government-owned land instead. The report said that evaluation on the application from the companies which borrowed fund is incompetent because no detailed justification was done on whether they have actually met the criteria.
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