Zetrix AI to fully cooperate with cops, MACC in ongoing investigations

Zetrix AI Bhd has pledged full cooperation with the police and the Malaysian Anti-Corruption Commission (MACC) as they investigate the company, according to a filing with Bursa Malaysia. The company stated that its operations will not be impacted by the ongoing joint probe, reports Bernama.

The investigation stems from a report by The Edge, which mentioned that six witnesses were questioned in the probe into MyEG and Zetrix AI. According to the police, Zetrix and MyEG, who serve as collection agents for the road transport department (JPJ), are alleged to have failed to transfer RM230.9 million in collected government revenue. This follows the revelation that both companies owe JPJ a total of RM314 million in arrears.

Transport Minister Loke Siew Fook had previously issued 35 notices to Zetrix to settle the outstanding amount. Despite submitting a cheque for RM231 million in August, the bank informed JPJ that the payment could not be processed due to instructions from Zetrix.