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

Zetrix AI Bhd has pledged to fully cooperate with the police and the Malaysian Anti-Corruption Commission (MACC) in their ongoing joint investigation, according to a filing with Bursa Malaysia. The company's operations will not be affected by the probe, which is reportedly probing the failure of MyEG Sdn Bhd and Zetrix AI to transfer RM230.9 million in government revenue.

This follows revelations that both companies owe JPJ RM314 million in arrears. The investigation comes after six witnesses were questioned in connection with the probe into MyEG and Zetrix's alleged failure to transfer the funds. Zetrix AI has previously been issued 35 notices to settle the outstanding amount, with Transport Minister Loke Siew Fook confirming that the company submitted a cheque for RM231 million in August, but it could not be processed due to instructions from the company.