MYEG failed to remit RM314mil in govt revenue since May, says Loke
PUTRAJAYA: My E.G. Sdn Bhd and Zetrix AI Bhd, both under the MYEG Group, failed to remit RM314 million in government revenue collected between May 19 and Sept 30, said Transport Minister Anthony Loke.
In the span of just a few months, from May to September of 2026, My E.G. Sdn. Bhd. and Zetrix AI Berhad, operating under the MYEG Group, failed to remit a staggering RM314 million in government revenue to the Ministry of Transport (MOT) Accounting Office. This financial shortfall led the Road Transport Department (JPJ) to suspend the companies' services as collection agents, effective immediately.
Transport Minister Anthony Loke clarified that the arrears did not span three years, as some media outlets reported, but rather began in May 2026. While there were occasional outstanding balances in the past, they were typically settled after receiving reminder notices from MOT. However, the outstanding RM314 million remained unremitted until JPJ took action two days ago.
During a press conference, Loke emphasized that the suspension of MYEG and Zetrix AI Berhad's services was due to their failure to meet the terms and conditions of their agreement, as well as the outstanding obligations that needed to be fulfilled or settled.
Written by urgent.news from The Vibes's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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