KPT welcomes investigations over RM157m in losses suffered by UITM Holdings

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A report titled ‘UiTM Holdings loses RM157 million’ published by the local media theSun theSundaily NewsUpdate UiTMholdings news reports Malaysia

: The Ministry of Higher Education has welcomed any form of investigation into allegations of inefficiency and leakages with regard to the RM157 million in losses suffered by Universiti Teknologi Mara Holdings as reported by the local media, yesterday.said special emphasis was placed by KPT on matters involving the values of integrity and governance in university governance.

“Apart from the investigation carried out, the KPT will review and improve the guidelines that have been set regarding the management of university holding companies as well as measure the compliance of related companies,“ he said in a statement yesterday.

 

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