Almost RM260 million was invested in UiTM without the Finance Ministry’s approval, according to the 2022 Auditor-General’s Report.
It says the investments were made through capital injections and loan-to-equity conversions.
As for UiTM’s Solar Park II project, the report reveals that incomplete cable installation led to frequent cable breakage incidents.
It notes that 41% of construction defect complaints related to solar rooftop projects have also yet to be addressed.
The report also found other aspects of UiTM’s output performance not satisfactory.
It includes the incomplete conversion of land status for the UiTM Solar Park I project in Pahang, leading to RM14.7 million in fines and quit rent.
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