Kementerian sahkan Zetrix AI hutang JPJ lebih RM200 juta

Malaysia's Transportation Ministry has confirmed that fintech company Zetrix AI is in debt of over RM200 million to the Road Transport Department (JPJ). The company, previously known as MyEG Services Bhd, is alleged to have failed in transferring the necessary funds after its three-year contract with JPJ commenced in May 2023. Zetrix AI, formerly MyEG, was reported to be unable to deliver the required funds for road tax, driver's license renewal, and traffic fines.

The ministry's statement comes after a report by Singapore's Straits Times, which claimed Zetrix failed to remit the funds after its contract with JPJ began in May 2023. The ministry is currently considering further steps, with the total amount now reported to be more than RM200 million as of September end. MyEG was incorporated in 2000 and appointed in the same year to provide government e-services, including road tax renewal and vehicle insurance through collaboration with JPJ.

The company was renamed Zetrix in July 2025 to reflect its shift from e-government services provider to a global infrastructure technology group. The company's latest annual report shows additional debts of RM95.5 million, consisting of trade debts, received deposits, and provisions. The company's liabilities stand at RM577.4 million, while non-current liabilities amount to RM1.25 billion, with a significant portion comprising loans and financing.

The International Finance Corporation, a private sector branch under the World Bank Group, took a RM156 million stake in Zetrix in February to support its technological development. However, external auditors have raised concerns about the cost of the company's development, which exceeds RM3.7 billion compared to less than RM200 million in 2020.