RM314m MyEG arrears raise governance, accountability concerns, says PAC
KUALA LUMPUR: The failure to remit RM314 million in government revenue collected by My E.G. Sdn Bhd and Zetrix AI Bhd between May 19 and Sept 30 has raised broader concerns about governance, financial controls and accountability, the Public Accounts Committee (PAC) said.
The Public Accounts Committee (PAC) has raised concerns about governance, financial controls, and accountability following the failure to remit RM314 million in government revenue collected by My E.G. Sdn Bhd and Zetrix AI Bhd between May and September. The PAC's chairman, Datuk Mas Ermieyati Samsudin, highlighted the lack of monitoring and control mechanisms in place, as well as questions surrounding the terms of the agreement and the protection of government and public funds.
Malaysia Corruption Watch (MCW) president Jais Abdul Karim expressed concern over the effectiveness of collection, reconciliation, and remittance controls for third-party collection agents, and supported the suspension of My E.G. and Zetrix AI as collection agents while calling for a transparent review to establish how the substantial amount was allowed to accumulate despite repeated notices and engagements.
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