MACC arrests ex-senior officer over RM42mil paid to several companies
The Malaysian Anti-Corruption Commission (MACC) arrested a former senior management officer for allegedly abusing his power in 2017, making RM42 million in operating expense payments to companies he had interests in. This arrest is part of an investigation into losses at UiTM Holdings Sdn Bhd, specifically linked to a 50MW solar project in Gambang, Pahang, where funds were allegedly misused without board approval.
Why it matters
This highlights ongoing efforts to combat corruption and ensure accountability in corporate governance and public projects, particularly concerning the misuse of funds in significant energy initiatives.
MACC previously said the issues under investigation in the UiTM Holdings probe included a RM42 million payment linked to a 50MW solar project in Gambang, Pahang. (UiTM Holdings pic)
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has arrested a former senior management officer of a corporation on suspicion of abusing his power in making operating expense payments totalling approximately RM42 million to several companies.
A source said the man in his 50s was arrested at about 1pm yesterday at his residence in the Klang Valley.
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