JOHOR BARU: The Higher Education Ministry will wait for the full investigation report from the Malaysian Anti-Corruption Commission (MACC) over alleged inefficiency and leakages with regard to the RM157mil in losses suffered by Universiti Teknologi Mara (UiTM) Holdings, before taking further action.
Its Minister Datuk Seri Mohamed Khaled Nordin hoped the MACC could speed up the investigation into the case.
"I really hope that the MACC can expedite its investigation into the case so that I myself will know what happened,” he told reporters after launching the Tasek 64 Community Sewing Centre in Bandar Seri Alam here today (Feb 11).
Yesterday, the media reported that MACC was investigating alleged misappropriation of funds and investments made by UiTM Holdings that led to millions of ringgit in losses.
UiTM Holdings was also reported to have suffered accumulated pre-tax losses of RM157mil for four years in 2017, 2018, 2019 and 2021. - Bernama
