MACC identifies governance issues at UiTM Holdings
MACC chief Abd Halim Aman says the commission will recommend measures to address the shortcomings.
The Malaysian Anti-Corruption Commission (MACC) has identified governance issues and management weaknesses at UiTM Holdings Sdn Bhd following an ongoing investigation into financial losses incurred by the company. MACC chief commissioner Abd Halim Aman stated that the commission will recommend measures to address the shortcomings, though governance issues cannot be prosecuted in court.
The investigation, which began in 2023 and is not bound by a limitation period, currently focuses on one suspect but may expand if new evidence emerges. Former UiTM Holdings CEO Azlizan Fadzil appeared in court earlier today, pleading not guilty to a criminal breach of trust involving RM37.37 million in 2017.
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- MACC identifies governance lapses in UiTM Holdings probe nst.com.my
- SPRM kesan kepincangan tatakelola UiTM Holdings freemalaysiatoday.com
- MACC finds governance weaknesses at UiTM Holdings after RM37.37m CBT probe malaymail.com
