Urgent.News

What's breaking now, across thousands of outlets.

World

Siasatan UiTM Holdings masih berjalan namun kes rumit, kata SPRM

Agensi antirasuah itu, yang memulakan siasatan pada 2023, berkata kes berkenaan melibatkan isu teknikal yang kompleks.

Siasatan UiTM Holdings masih berjalan namun kes rumit, kata SPRM

The investigation by Malaysia's Anti-Corruption Agency, SPRM, into the financial losses of UiTM Holdings Sdn Bhd continues, despite its complexity, according to SPRM's Chief Public Prosecutor, Abd Halim Aman. The investigation, which is still ongoing, pertains to the RM157 million loss incurred by UiTM Holdings over the past four years.

The probe involves intricate technical matters and SPRM is still awaiting instructions from the complainant. Among the issues under scrutiny are the RM42 million payment related to a 50MW solar project in Gambang, Pahang, which is suspected of being used for unrelated purposes and made without proper approval from UiTM Holdings' governing body.

The investigation is carried out under Section 23 of the SPRM Act 2009, which covers the misuse of a position for personal gain. SPRM aims to complete the investigation as soon as possible in a fair and impartial manner. SPRM is also investigating other potential issues, including management weaknesses at UiTM Holdings, following Prime Minister Anwar Ibrahim's comments the previous day.

SPRM opened the probe into UiTM Holdings' RM157 million loss in 2017, 2018, 2019 and 2021. In 2023, SPRM stated that it was examining several investments made by the company to determine if there was any misuse of power or misappropriation of funds. Yesterday, Anwar instructed UiTM to re-examine its management and governance of its investment arm following the multi-million ringgit losses.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at freemalaysiatoday.com →

More in World

More from Sunday 27 September →