Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi
The Auditor General’s Report uncovered serious irregularities in three out of five audited government entities under the 11th and 12th Malaysia Plans. First, Felcra Bhd showed governance failures involving RM241.76 million across four plantations (2022-2024). Second, Universiti Kebangsaan Malaysia’s tender process violated procedures by awarding RM58.45 million worth of contracts to companies not recommended by evaluation committees. Third, the army vehicle contract audit revealed RM162.75 million in uncollected late delivery penalties for Gempita vehicles, RM1.42 million in uncollected service delay penalties, and RM107.54 million in split procurements to bypass regulations. Transparency International Malaysia attributes these to outdated procedures, weak financial oversight, and a culture of impunity, urging swift remedial action to restore public trust.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
PETRONAS-Eni joint venture Searah has secured a US$6 billion syndicated revolving credit facility to accelerate…
This website uses cookies.