NST Leader: Zetrix RM200m revenue lapse exposes urgent need for stronger RTD oversight'
THE revelation that Zetrix AI Bhd, formerly known as MyEG Sdn Bhd, owes the Road Transport Department (RTD) more than RM200 million in unremitted collections is shocking.
Zetrix AI Bhd, formerly MyEG Sdn Bhd, owes the Road Transport Department (RTD) over RM200 million in uncollected fees, sparking concerns about the need for more robust oversight. The company, which has been in operation since 2000, collected payments for road tax, driving licences and traffic summonses. Its new name, Zetrix, was adopted in July 2025.
The financial position of Zetrix, following failure to remit fees from the start of its three-year contract in May 2023, raises questions. Development expenditure surged to over RM3.7 billion, while the company faced significant debt obligations. Despite this, motorists were directed to alternative payment channels. The incident brings into focus questions about RTD's financial controls, monitoring, and accountability.
The key inquiries revolve around the safeguards in place, the contractual obligations of Zetrix, and the mechanisms for reconciling collections with RTD's records. Were there earlier warnings or discrepancies that led to a lapse in compliance? If so, why were stronger actions not taken sooner? The government must also establish how the arrears accumulated and what additional safeguards are required to prevent similar issues involving public collections from recurring.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
