KUALA LUMPUR: Universiti Teknologi MARA (UiTM) could potentially lose some RM51.08 million following delays in seeking compensation from 239 scholarsh...
: Universiti Teknologi MARA could potentially lose some RM51.08 million following delays in seeking compensation from 239 scholarship holders who breached their contracts.
Audit findings conducted on 381 of the 1,496 debtors in breach of contract until December 2021 found that it involved a sum of RM67.08 million. It said the write-off of debts, amounting to RM6.23 million, was due to the university’s failure to take legal action before the six-year time limit, debtors already being declared bankrupt and the absence of debtors’ files at UiTM’s legal adviser’s office.
“UiTM’s delay in seeking compensation against this group of debtors for breach of contract has resulted in UiTM losing revenue amounting to RM1.26 million and potential revenue amounting to RM51.08 million,“ the report stated.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Audit report: UiTM losing RM51.08mil in failed compensation claimsThe actor was diagnosed with esophageal cancer last year and had been experiencing discomfort.
Read more »
LKAN 2021: UITM potensi hilang RM51 juta kesan lewat laksana tuntutanUITM berpotensi hilang hasil RM51 juta kesan kelewatan tindakan terhadap kakitangan yang mungkir perjanjian biasiswa, menurut ketua audit negara.
Read more »
LKAN 2021: Lewat tuntut ganti rugi pecah kontrak, UITM berpotensi hilang RM51.08 jutaKUALA LUMPUR: Universiti Teknologi MARA (UiTM) berpotensi kehilangan hasil berjumlah RM51.08 juta susulan kelewatan dalam melaksanakan proses tuntutan...
Read more »
UiTM risks losing over RM52mil after delay in seeking compensationThe auditor-general says because of the delay in seeking compensation from employees who did not complete their studies in time, the university may not be able to recoup the money due to the Limitation Act 1953.
Read more »
LKAN: Jabatan Audit tegur SSM isu projek petak parkirSSM berpotensi menanggung kerugian sejumlah RM1.04 juta bagi nilaian 52 petak parkir yang masih belum disediakan di menara berkenaan.
Read more »
Financial Statements: Audit Dept submits three recommendations to govtKUALA LUMPUR: The National Audit Department has submitted three recommendations to the government for the Financial Statements of the Federal Governme...
Read more »