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Malaysian Anti-Corruption Commission probes UiTM losses linked to solar energy project

2 reports, 1 independent Updated Sun 00:00
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AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

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The Malaysian Anti-Corruption Commission (MACC) confirmed it is investigating issues related to losses suffered by UiTM Holdings Sdn Bhd in 2023. The investigation centers on allegations that RM42 million was paid for purposes unrelated to a 50MW solar project located in Gambang, Pahang. MACC stated these payments were allegedly made without the approval of the company's board of directors.

From thestar.com.my

Why it matters

Some supportBrind's analysis of the reports

The Prime Minister, Anwar Ibrahim, has called for a review of the governance and management of UiTM Holdings amid concerns over the company's losses. The MACC confirmed the investigation is ongoing due to the complexity of the case and is pending further instructions from the prosecution.

From thestar.com.my

Who's involved

  • Anwar IbrahimPrime Minister of Malaysia who called for a review of UiTM Holdings' management
  • GambangTown in Pahang, location of the solar energy project under investigation

How it developed

Newest first. Tap a step to see who reported it.
  1. Investigation linked to solar project in Gambang.1 source
  2. UiTM losses linked to solar project in Gambang; Anwar Ibrahim calls for management review.1 source

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