Did KSBB benefit more than UKM from its RM90.56m revenue partnership?

Question

Accepted Answer

KSBB's Financial Gains in UKM Partnership Under Scrutiny

The partnership between Koperasi Siswazah Bangi Bhd (KSBB) and Universiti Kebangsaan Malaysia (UKM), which generated RM90.56 million in revenue since 2017, has raised questions about whether KSBB benefited disproportionately compared to the university. An Auditor-General's Report highlighted that UKM was allegedly shortchanged by approximately RM50 million in fees collected by KSBB for university services. These collected fees originated from the National Higher Education Fund Corporation (PTPTN) and the Employees’ Provident Fund (EPF) for Master of Education (SPEND) and Postgraduate Diploma in Education (DPLI) programmes.
UKM's Direct Fee Collection Initiated

In response to the findings, UKM has begun a phased implementation of direct fee collection since the previous year, signaling an end to its reliance on KSBB for this function. This shift aims to ensure that university funds are managed more directly and transparently. The transition marks a significant change in how the university handles financial transactions related to its postgraduate programmes.
Discrepancies in Fee Handling Revealed

The Auditor-General's Report 1/2026 brought to light significant issues concerning KSBB's role in collecting payments for UKM. The cooperative was responsible for gathering fees that were ultimately intended for university services, leading to a substantial financial shortfall for UKM. The report specifically pointed out that payments from PTPTN and EPF for students enrolled in the SPEND and DPLI programmes were channelled through KSBB.
Cooperative Board Composition Raises Concerns

Further complicating the matter, the cooperative's board included five university employees who held key positions such as chairman, secretary, and treasurer. The presence of university staff within the cooperative's leadership structure has drawn attention, particularly in light of the financial discrepancies reported. This arrangement raises questions about potential conflicts of interest and oversight within the partnership.

Reading history

Hide →

This history is cleared when the page is closed.

Did KSBB benefit more than UKM from its RM90.56m revenue partnership?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

2

0

0

Share with friends