UiTM Holdings probe ongoing but complex, says MACC
The anti-graft agency, which launched the probe in 2023, says the case involves complex technical issues.
The Malaysian Anti-Corruption Commission (MACC) is still investigating RM157 million in losses suffered by UiTM Holdings Sdn Bhd over the past four years, according to chief commissioner Abd Halim Aman. The investigation, which began in 2023, is ongoing due to its complexity, but MACC is awaiting further instructions from prosecutors.
Among the issues being examined is a RM42 million payment linked to a 50MW solar project in Gambang, Pahang, which is alleged to have been used for purposes unrelated to the project and made without the approval of UiTM Holdings' board. The investigation is being conducted under Section 23 of the MACC Act 2009, which pertains to using one's position for gratification.
MACC also aims to investigate potential weaknesses in UiTM Holdings' management practices following concerns raised by Prime Minister Anwar Ibrahim.
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- MACC probes UiTM Holdings over 2023 losses nst.com.my
