Ex-UiTM Holdings CEO charged with CBT over RM37.37m meant for Pahang solar project
KUALA LUMPUR, Oct 1 — A former group chief executive officer of UiTM Holdings Sdn Bhd was charged today with crimi...
KUALA LUMPUR, October 1 — Azlizan Fadzil, the former chief executive officer of UiTM Holdings Sdn Bhd, appeared in Sessions Court today, charged with criminal breach of trust amounting to RM37.37 million meant for a solar power project in Pahang. The 53-year-old pleaded not guilty, according to the New Straits Times (NST). The charge alleges that Azlizan, in his role as CEO, was entrusted with RM37,374,612.68 to invest in a 50-megawatt solar photovoltaic power generation project in Gambang.
Instead, prosecutors say, Azlizan dishonestly misappropriated the funds by making payments for different purposes. The alleged offense occurred between February 2 and October 2, 2017, at Affin Bank Berhad's UiTM Shah Alam branch, the report stated. Azlizan, who arrived at court in a wheelchair accompanied by family members, confirmed he understood the charge and potential penalties.
He was charged under Section 409 of the Penal Code, which could result in a two to 20-year prison sentence, whipping, and a fine upon conviction.
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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