UiTM Pumped RM260 Million Into Holdings Arm Without Finance Minister's Approval, PAC Found
Photo: The Rakyat Post
Prime Minister Datuk Seri Anwar Ibrahim has ordered a governance review of UiTM Holdings over RM157 million in losses, as a Public Accounts Committee (PAC) report reveals the university injected nearly RM260 million into the company without the finance minister's approval - while the Malaysian Anti-Corruption Commission (MACC) investigates RM42…
From the original report
Prime Minister Datuk Seri Anwar Ibrahim has ordered Universiti Teknologi MARA (UiTM) to review the governance and management of its wholly owned investment arm, UiTM Holdings Sdn Bhd, over losses of RM157 million.
The reported figure covers losses recorded in 2017, 2018, 2019 and 2021.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at The Rakyat Post
The Rakyat Post
Read the full translated article in Japanese →
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About this story
- Source
- The Rakyat Post
- Originally published
- Sep 28, 2026
- Updated here
- Sep 28, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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