Genting HK: MP wants accountability as M'sian investments take a hit

Subang MP Wong Chen has demanded accountability from three Malaysian banks with substantial investments from government-linked funds over their decision to extend sizeable unsecured loans to Genting Hong Kong which is now in financial trouble.

Malayan Banking Berhad (Maybank), CIMB Group Holdings Berhad and RHB Bank Berhad are expected to take a major hit as they are the key unsecured creditors of Genting Hong Kong with total loans amounting to US$600 million (RM2.51 billion), according to Singapore's Straits Times.

Wong (above) pointed out...