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 investigation into the company, according to Sinar Harian. MACC chief commissioner Datuk Seri Abd Halim Aman stated that examining governance is a standard aspect of investigations, even if those shortcomings do not constitute criminal offences.

He informed the press that while governance issues may not amount to charges in court, they are matters that can be improved. The commission plans to recommend improvements to address any identified governance weaknesses, though they did not specify the nature or number of these weaknesses. The investigation into former UiTM Holdings group CEO Azlizan Fadzil, who is accused of criminal breach of trust involving RM37.37 million for a large-scale solar power project in Gambang, Pahang, is currently focused on him, though it could expand if new evidence surfaces.

Azlizan pleaded not guilty to the charge. The MACC has been investigating UiTM Holdings since 2023, looking into matters related to losses and governance, among other issues.