Zetrix’s RM314mil arrears since May this year, not 2023, says Loke

The RM314 million in arrears that Zetrix AI Bhd owes the road transport department (JPJ) involves fees and summonses that the MYEG Group subsidiary collected since May this year, not May 2023, says transport minister Loke Siew Fook.

Loke said his ministry and JPJ had taken steps to regain the collections, including holding four engagements with stakeholders since May, including the finance ministry.

He also said the company previously known as MyEG Sdn Bhd had been issued 35 notices to transfer the amount.

“On Aug 21, the company submitted a cheque dated Sept 30 worth RM231 million. However, when the cheque was credited on Sept 30, the bank said it could not process it on the company’s orders,” he said at a press conference here.

Loke also sidestepped queries on reports that Zetrix had ties to Umno, quipping that he could only confirm that DAP had no links to the firm.

“You have to ask (Umno) about that. One thing I’m sure of is that the company has no ties with my party,” the DAP secretary-general said. “But what party it’s linked to is not among my considerations.”

Loke said that his ministry and JPJ would set a deadline for the arrears to be settled and take appropriate steps to recover the funds.

He also said the government would consider lifting the suspension of Zetrix’s services once the debts have been cleared.

JPJ suspended the firm’s services effective today, partly due to its unfulfilled obligations.

Loke said JPJ’s services, via the department’s official and alternative channels, remained unaffected.