AG flags Mimos over failure to use separate account

PETALING JAYA: Mimos Bhd did not create a separate bank account for disbursing allocations from the Science, Technology and Innovation Ministry (Mosti) for research funds, despite clear req­ui­rements for it.

The Auditor-General’s Report 1/2026 revealed that RM65.78mil for research, development, commercialisation and innovation (R&D&C&I) programmes was chan­nelled into Mimos’ existing corporate account as of August 2024.