MACC: Ex-senior exec to be charged over RM42m UiTM Holdings loss
KUALA LUMPUR, Sept 29 — A former senior executive of a corporation will be charged in court this Thursday in conne...
Malaysian Anti-Corruption Commission (MACC) announced plans to charge a former senior executive over losses incurred by UiTM Holdings Sdn Bhd, including allegations of abuse of power related to operational expense payments totalling approximately RM42 million. On September 29, the commission confirmed that the accused, a 50-year-old male, was arrested at his residence in the Klang Valley around 1 pm the previous day.
The initial probe revealed that the suspect allegedly authorized operational expense payments to multiple companies in which he held a stake in 2017. The MACC's statement attributed the arrest to an investigation into UiTM Holdings' financial losses in 2023. Meanwhile, MACC's chief commissioner, Datuk Seri Abd Halim Aman, confirmed the arrest when reached and stated that the case would be investigated under Section 23 of the MACC Act 2009.
Written by urgent.news from Malay Mail'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.
