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...
Former senior executive of UiTM Holdings Sdn Bhd will face charges Thursday, according to the Malaysian Anti-Corruption Commission (MACC). The investigation focuses on losses of approximately RM42 million, with allegations of abuse of power related to operational expense payments to companies in which the suspect allegedly had a stake.
The 50-year-old male suspect was apprehended at his Klang Valley residence on Wednesday afternoon. Preliminary findings suggest the misconduct occurred in 2017. MACC chief commissioner Datuk Seri Abd Halim Aman confirmed the arrest, stating that the case falls 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.
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