2022 AG's Report: MoF did not give greenlight to UiTM's capital injection
KUALA LUMPUR: A total of RM259.98 million was invested in Universiti Teknologi Mara (UiTM) Holdings through capital injections and loan-to-equity conversions without the approval of the Finance Ministry (MoF), which is in violation of the Universiti Teknologi Mara Act 1976.
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