SME Corp overspent development grants by nearly RM8m, audit finds

SME Corporation Malaysia (SME Corp) spent development grants beyond its allocated funds, resulting in an RM7.96 million debit balance.

The Auditor-General’s Report 1/2025 revealed that SME Corp recorded the debit balance for deferred grants under the Bumiputera Enterprise Enhancement Programme Plus at the end of the 2023 financial year.