MACC probes UiTM Holdings over RM42m solar project payment

The Malaysian Anti-Corruption Commission (MACC) is examining several matters connected to UiTM Holdings Sdn Bhd, raising fresh questions about governance and financial controls at the subsidiary of the public university. The investigation focuses on payment arrangements for the solar energy project, which observers say warrants close scrutiny given the substantial public funds involved. UiTM Holdings operates various commercial ventures under the Universiti Teknologi MARA umbrella, managing assets and business operations on behalf of the institution. The MACC's involvement signals official concern that proper procurement procedures and financial accountability standards may not have been adequately observed during the project's implementation. The commission has not disclosed specific allegations at this stage, though sources indicate the inquiry encompasses documentation review and interviews with relevant parties. The case highlights ongoing concerns about transparency in university-linked commercial entities, particularly when substantial infrastructure projects are undertaken. Officials from UiTM Holdings have not yet issued public statements regarding the investigation.