Anwar directs review of UiTM Holdings over losses claims
SHAH ALAM: Datuk Seri Anwar Ibrahim has directed Universiti Teknologi Mara (UiTM) to review the governance and management of UiTM Holdings following concerns over the company's losses.
Shah Alam: Prime Minister Anwar Ibrahim has ordered a review of the governance and management of UiTM Holdings, after concerns were raised regarding the company's significant losses. The review is to be conducted in collaboration with UiTM's vice-chancellor and the Prime Minister's Department. The PM's office has pledged its support for this endeavor.
Anwar addressed this during a Q&A session at the Himpunan Mesra Alumni UiTM, in response to an audience member who had urged the government and the UiTM Malaysia Alumni Federation to investigate the situation. The student involved alleged that UiTM Holdings had incurred losses exceeding RM100 million.
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