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 Transparency International Malaysia attributes these to outdated procedures, weak financial oversight, and a culture of impunity, urging swift remedial action to restore public trust.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
Malaysia benefits from high oil prices, but faces inflation and logistical risks due to the…
ASEAN manufacturing PMI falls to six-month low as Middle East war drives price pressures, supply…
FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and…
Climate UX launched Green Together to help companies engage employees, strengthen ESG goals and deliver…
Alibaba Cloud’s KaryaWAN challenge aims to boost Malaysia’s AI innovation ecosystem through talent development, creativity…
Malaysia's job market faces a "talent paradox," with employers struggling to find suitable candidates despite…
This website uses cookies.