Ex-UiTM Holdings CEO charged with CBT

Former UiTM Holdings CEO Azlizan Fadzil, 53, appeared in court today charged with criminal breach of trust ("CBT") over RM37.37 million allegedly misappropriated for a solar project in Pahang. Azlizan pleaded not guilty to the charge read by Sessions Court judge Datuk Mohd Nasir Nordin.

The charge alleges Azlizan, as CEO, was entrusted with RM37,374,612.68 for a 50-megawatt solar photovoltaic project in Gambang. He is accused of dishonestly misusing the funds for other purposes between February 2 and October 2, 2017, at Affin Bank Berhad’s UiTM Shah Alam branch. The offense occurred under Section 409 of the Penal Code, which carries a potential prison term of two to 20 years, whipping, and a fine upon conviction.

Azlizan informed the court interpreter of his understanding of the charge and possible penalties. He entered the courtroom in a wheelchair, accompanied by family members, shortly before 9am.