MACC finds governance weaknesses at UiTM Holdings after RM37.37m CBT probe

The Malaysian Anti-Corruption Commission (MACC) has discovered governance weaknesses at UiTM Holdings Sdn Bhd during its probe into the company, and will suggest measures to address them, according to Sinar Harian. MACC chief commissioner Datuk Seri Abd Halim Aman stated that investigating governance is a standard part of investigations, even if those weaknesses do not constitute criminal offenses.

He explained that while governance issues may not be prosecutable, they can be improved upon. The commission plans to recommend enhancements to rectify any governance shortcomings found during the investigation, though they did not specify the nature or quantity of these weaknesses. Former UiTM Holdings group chief executive officer Azlizan Fadzil appeared in court, pleading not guilty to a criminal breach of trust charge involving RM37.37 million meant for a large-scale solar power project in Gambang, Pahang.

The MACC's investigation, which began in 2023, is currently focused on Azlizan, who faces allegations that he dishonestly misappropriated the funds for unrelated expenditures. The commission acknowledged the length of the investigation but emphasized that ongoing investigations have no time limits.