World · Malaysia Bureau
Former Official Arrested Over RM42 Million Payment Disbursements
The Malaysian Anti-Corruption Commission has detained a former government official as part of an ongoing investigation into alleged financial losses at UiTM Holdings. The probe centres on payments totalling RM42 million made to multiple companies.
LSN Malaysia ·
The MACC arrested the suspect following its inquiry into irregularities involving UiTM Holdings, the commercial arm of Universiti Teknologi MARA. Investigators are examining the circumstances surrounding the substantial cash transfers made to various corporate entities over an unspecified period. The detention marks a significant development in what authorities describe as a complex financial investigation affecting a major public university's subsidiary operations. The former official is being questioned regarding his role and decision-making authority in approving the payments. MACC officials have not yet disclosed the identities of the recipient companies or provided specifics on the timeline of the transactions under investigation. The case represents part of the commission's broader mandate to investigate alleged corruption and financial misconduct within government-linked institutions. Further details on charges, if any, are expected to be announced following the completion of initial questioning.