NEWSPAPER REPORT

UTP DECLARED BANKRUPTCY

Tronoh, 21 October – Community of Universiti Teknologi Petronas (UTP) were shocked with news of UTP’s bankruptcy by Ministry of Education. Datuk Seri Muhyiddin Yassin, the minister of education, yesterday announced that UTP has faced difficulty in paying back its debts to the bank and was officially declared as bankrupt. The debts should be settled a long time ago but was delayed due to a culprit who has been stealing all the money.

  The vice-chancellor has been arrested as the main suspects with all his right-hand men. The police officer said that all the suspects will be confined in the lock-up until the investigation is completed. For the meantime, UTP officially declared its bankruptcy and all the students need to move out from UTP.