UiTM Holdings under MACC spotlight as RM42m solar project payment questioned
The Malaysian Anti-Corruption Commission (MACC) is investigating UiTM Holdings over financial losses and a questionable RM42 million payment for a solar project. The probe follows directives from Prime Minister Anwar Ibrahim to address governance weaknesses within the company.
Why it matters
The investigation underscores a broader government effort to combat corruption and improve financial oversight in state-linked entities.
PETALING JAYA, Sept 27 — The Malaysian Anti Corruption Commission (MACC) is investigating several issues linked to losses suffered by UiTM Holdings Sdn Bhd in 2023.
As reported by Sinar Harian (SH), MACC chief commissioner Datuk Seri Abd Halim Aman said the probe covers a range of matters, including a 50MW solar project in Gambang, Pahang, where RM42 million was reportedly paid for purposes unrelated to the project and without the approval of the company’s board of directors.
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