MOHE says MoF refused restrospective approval of RM259.98m capital injection in UiTM Holdings

KUALA LUMPUR: The Public Accounts Committee’s (PAC) follow-up action report on UiTM Holdings Sdn Bhd revealed that the Ministry of Finance (MoF) refused an appeal by the Higher Education Ministry (MOHE) in April 2024 to give restrospective approval for a RM259.98 million investment UiTM made in UiTM Holdings Sdn Bhd (UHSB) in 2021.

© New Straits Times Press (M) Bhd