World · Malaysia Bureau
Former UiTM Holdings CEO charged with misappropriating RM37.4 million
Azlizan Fadzil has been accused of diverting funds earmarked for a solar energy project in Pahang toward other purposes. The former chief executive officer of UiTM Holdings faces charges related to breach of trust.
LSN Malaysia ·
The former chief executive officer of UiTM Holdings has been charged with misappropriating RM37.4 million in public funds, according to court documents filed in connection with a stalled solar energy initiative in Pahang. Azlizan Fadzil is accused of redirecting money that was allocated for the renewable energy project to alternative uses, raising questions about financial oversight at the state-linked institution. The charges represent a significant development in investigations into fund management at UiTM Holdings, the commercial arm of Universiti Teknologi MARA. The case highlights ongoing concerns regarding the stewardship of public resources within Malaysia's tertiary education sector. Court proceedings are expected to continue as authorities pursue the matter further.