Anwar says company losses are not a crime — fraud, abuse and ‘sakau’ are another matter
SHAH ALAM, Sept 26 — Companies should not be penalised simply because they make losses, but action should be taken...
Prime Minister Anwar Ibrahim stated that companies should not be punished solely for making losses, but action should be taken if there is fraud, abuse of power or "sakau" (stealing), according to a report from Shah Alam on September 26. During a Q&A session with UiTM alumni and students at UiTM's Dewan Agung Tuanku Canselor, Anwar cautioned against passing judgment on UiTM Holdings before its position had been properly examined.
He also indicated that the Higher Education Ministry would be involved in any investigation into UiTM Holdings, following a claim by the audience that the company had accumulated over RM100 million in unresolved losses. Anwar defended the delayed release of the Royal Commission of Inquiry (RCI) report on TH, stating it was completed before he became prime minister in 2022 and delayed due to TH's leadership requesting more time.
He rejected claims that the report was released as an act of "revenge," emphasizing that decisions over investigations, prosecutions, and judgments rest with relevant authorities such as the police, Inland Revenue Board, and Malaysian Anti-Corruption Commission. Anwar also mentioned that issues involving the Federal Land Development Authority (Felda), currently under scrutiny, predated his tenure as prime minister and praised Bumiputera agencies for setting an example not only for Muslims but for society as a whole.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
