UiTM Holdings probe ongoing but complex, says MACC

The Malaysian Anti-Corruption Commission (MACC) is investigating a RM157 million loss suffered by UiTM Holdings Sdn Bhd over four years, according to chief commissioner Abd Halim Aman. The investigation is ongoing due to its complexity and MACC is awaiting further instructions from prosecutors. Among the issues under scrutiny is a RM42 million payment made to a 50MW solar project in Gambang, Pahang, which is alleged to have been used for purposes unrelated to the project and without the approval of UiTM Holdings' board.

The probe is being conducted under Section 23 of the MACC Act 2009, which pertains to using one's position for gratification. Halim emphasized that the MACC is committed to completing the investigation as swiftly as possible, independently and fairly. Additionally, the Commission is examining potential management weaknesses at UiTM Holdings following concerns raised by Prime Minister Anwar Ibrahim.

In 2023, MACC initiated an investigation into UiTM Holdings' losses amounting to RM157 million for 2017, 2018, 2019 and 2021, looking into several investments for possible bribery, abuse of power or misuse of funds.