Abstract
PETALING JAYA: Universiti Teknologi Mara (UITM), the Finance Ministry and the
Higher Education Ministry have been given two months to respond to the Public
Accounts Committee (PAC) on rectifying identified weaknesses, including UITM’S
purchase of shares worth Rm259.98mil without approval.
This was among the recommendations made by the bipartisan parliamentary
oversight committee following its probe into the matter.
The unapproved share purchase over a 12-year period was highlighted in the
Auditorgeneral’s Report 2022.
Among the PAC’S findings was that UITM had failed to obtain approval from the
Finance Minister under the Universiti Teknologi Mara Act (Act 173), which made the
acquisition of UITM Private Education Sdn Bhd (UPESB) and UITM Technoventure
Sdn Bhd (UTVSB) contrary to the Act
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| Item Type: | Newspaper |
|---|---|
| Subjects: | 300 Social sciences 300 Social sciences > 330 Economics 300 Social sciences > 330 Economics > 332 Financial economics |
| Campuses: | Selangor Selangor > Sungai Buloh Campus |
| Newspaper: | The Star |
| Page Range: | p. 1 |
| Date: | 19 March 2024 |
| Depositing User: | Asnida binti Md Arop (Sg. Buloh) |
| Related URLs: |
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