Anwar calls for UiTM Holdings review, chair says RM157m losses legacy issue
%2Ffile%2Fattachments%2Forphans%2Fgsdfsdfsdfsdfdsf_964456.jpg&w=3840&q=75)
Malaysian Prime Minister Anwar Ibrahim has ordered a review of UiTM Holdings following reports of significant financial losses. The government aims to distinguish between systemic management weaknesses and potential criminal misconduct.
Why it matters
Addresses government accountability and the financial governance of state-linked investment institutions.
News ✕ Anwar calls for UiTM Holdings review, chair says RM157m losses legacy issue Published: Sep 27, 2026 10:54 AM Prime Minister Anwar Ibrahim has called for weaknesses in the management of UiTM Holdings Sdn Bhd to be examined before any action is taken over the company’s financial problems.
UiTM Holdings, the university’s wholly owned investment arm, came under scrutiny in 2023 after reports that it had accumulated RM157.04 million in pre-tax losses in 2017, 2018, 2019 and 2021.
Anwar’s remarks mark the latest scrutiny of financial and governance issues involving a bumiputera-linked institution, after the government turned its attention to losses and alleged mismanagement involving Tabung Haji and Felda.
Prime Minister Anwar Ibrahim has called for weaknesses in the management of UiTM Holdings Sdn Bhd to be examined before any action is taken over the company’s financial problems.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in