UiTM Holdings under MACC spotlight as RM42m solar project payment questioned
PETALING JAYA, Sept 27 — The Malaysian Anti Corruption Commission (MACC) is investigating several issues linked to...
The Malaysian Anti Corruption Commission (MACC) is probing multiple matters connected to financial setbacks encountered by UiTM Holdings Sdn Bhd in 2023. According to Sinar Harian, the probe encompasses a 50MW solar project in Gambang, Pahang, wherein RM42 million was allegedly disbursed for purposes unrelated to the project and without the requisite approval from UiTM Holdings' board of directors.
MACC chief commissioner, Datuk Seri Abd Halim Aman, emphasized that the investigation is ongoing due to its intricate nature, involving technical elements and waiting for further guidance from the prosecution. The probe adheres to Section 23 of the MACC Act 2009. In addition, the commission will scrutinize governance issues highlighted by the Prime Minister.
Ab Halim noted that the MACC appreciates Prime Minister Anwar Ibrahim's concern and resolute approach towards tackling deficiencies that have contributed to UiTM Holdings' financial losses. Anwar recently ordered a review of the governance and management of UiTM Holdings following apprehensions regarding the company's financial predicament.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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