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 the company's financial losses. MACC chief commissioner Abd Halim Aman stated that the commission aims to recommend measures to address these shortcomings. The investigation, which began in 2023, remains ongoing as criminal cases do not have a limitation period.
The current focus is on one suspect, but the investigation may expand if new evidence surfaces. Former UiTM Holdings CEO Azlizan Fadzil appeared in court and pleaded not guilty to 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
