UiTM Holdings under MACC spotlight as RM42m solar project payment questioned

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.

“MACC will strive to complete the investigation swiftly, independently and fairly. It must be emphasised that the probe is still ongoing given the complexity of the case, which involves technical aspects and awaits further direction from the prosecution,” he was quoted as saying.

The investigation is being conducted under Section 23 of the MACC Act 2009.

He added that MACC will also examine other relevant issues, including governance weaknesses as highlighted by the Prime Minister.

Abd Halim said the commission welcomed the Prime Minister Datuk Seri Anwar Ibrahim’s concern and firm stance in addressing shortcomings that contributed to UiTM Holdings’ losses.

Yesterday, Anwar directed a review of the governance and management of UiTM Holdings following concerns over the company’s financial losses.