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00:03Two days ago, the Land Transport Authority (JPJ) dropped a bombshell announcement without warning.
00:08cloth
00:08Starting today, October 5th
00:10All MyEG Group's contracting and provision of online electronic services have been suspended.
00:16Government services
00:17MyEG Private Limited and ZTRIX AI Ltd.
00:21Eligibility
00:22We can no longer handle tax payment, driver's license renewal, or pay traffic tickets on behalf of the public.
00:27Serve
00:28The Straits Times of Singapore then filed a report.
00:31MyEG is suspected of owing more than 200 million JPJ in unpaid fees.
00:35The ringgit was just terminated from service.
00:38Regarding the controversy surrounding MyEG, politicians then exerted pressure on the timing of the events.
00:41name
00:41Transport Minister Anthony Loke must come forward and explain.
00:44Why did MyEG collect debts exceeding 200 million?
00:49And they haven't repaid the government in three years.
00:53Today, Lu Zhaofu finally held a press conference.
00:55To disclose the details of this massive debt
00:58And the specific timeline
01:00At the press conference, Anthony Loke recounted the story of the MyEG Group.
01:03In the dispute over overdue payments collected by JPJ, it was said
01:06MyEG has been appointed as a government collection agency since 2000.
01:11According to regulations, each transaction must be completed within one business day of its completion.
01:16Transfer the collected fees into the government's account.
01:19There have indeed been sporadic delays in the past.
01:22However, this is usually added after the authorities send a reminder to MyEG.
01:26This time, the situation truly spiraled out of control and even triggered a debt crisis.
01:31From May 19th to September 30th this year
01:34It has been almost five months since the funds were transferred to the Ministry of Transport on time.
01:37Collections on behalf of the main account
01:39Lu Zhaofu revealed
01:40This debt is not worth 200 million ringgit.
01:43Instead, it's RM314 million.
01:46Okay, as mentioned earlier, whenever there were delays in remittances...
01:51The authorities would often use letters to offer friendly reminders.
01:55MyEG, you need to transfer the money to the government quickly!
01:58Lu Zhaofu said
01:59Actually, it was in May of this year that we discovered MyEG was not transferring the collected payments on time.
02:04The Ministry of Transport and JPG successively provided subsidies to two agencies under MyEG.
02:09Collection service company
02:1035 formal collection notices have been issued.
02:14It also set very strict repayment deadlines.
02:16Not only that, during this period...
02:18The Ministry of Transportation, along with the Ministry of Finance, the Central Government, and all other relevant stakeholders,
02:22Four cross-departmental communication and coordination meetings have been held.
02:25Attempting to give MyEG a chance to remedy the situation
02:29So as not to affect the public's use of their agency services
02:34What about Lu Zhaofu?
02:35He used this as a counterattack
02:36Someone accused him
02:37And allegations that his department officials stood idly by.
02:40In fact, you hear him say that...
02:42MyEG was given a chance.
02:44Since the authorities discovered the loophole in the debt in mid-May...
02:48Lu Zhaofu said he was under increasing pressure from the authorities.
02:51MyEG finally drew a card on August 21st.
02:55Post-dated cheques for RM231 million
02:58The match date was set for September 30th.
03:01However, the Ministry of Transportation deposited the post-dated check on the 7th.
03:06When entering the bank
03:07They were shocked to discover that the bank had received a non-processing notice from MyEG.
03:12Instructions for the cheque
03:14The RM230 million cheque bounced instantly, failing to be deposited into the account.
03:19Then, seeing that MyEG not only repeatedly broke its promises...
03:23Even at the crucial moment of cashing checks
03:25They also went back on their word
03:28The Ministry of Transport and JPJ therefore made a judgment.
03:30Two collection service companies under MyEG have defaulted.
03:33Then, the decision was officially made on October 2nd.
03:36Starting today, October 5th, their eligibility for collection services will be completely suspended.
03:42Lu Zhaofu said the operation was carried out entirely in accordance with the contract.
03:46Therefore, the government is not required to compensate MyEG with a single penny.
03:50Now, here's the important part.
03:51The Ministry of Transportation's outstanding actions this time severed the ties of the past 30 years.
03:55MyEG has a near-monopoly on handling and collecting transportation-related service fees.
03:59Business
04:00Will this infringe upon the interests of some people?
04:02Especially the rumors spread by Xiang Fangjian
04:04MyEG has powerful connections backed by the Witch Doctor.
04:09Lu Zhaofu then emphasized that this operation was unrelated to politics.
04:13The Ministry of Transport does not monitor whether MyEG has political party backing.
04:17He said that this had never happened at the post office or other collection agencies.
04:21The problem of collecting payments on behalf of others and then defaulting on them.
04:24The facts are now before us.
04:26MyEG failed to fulfill its responsibility to collect payments owed to the government.
04:30The government must take strict action in accordance with the law.
04:33No one should be allowed to use commercial dishonesty as a pretext for political cover-up.
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04:45Please feel free to like, subscribe, share, and tip to support the Mingjing & DianDian column.
04:49Subtitle volunteer Yang Qianqian
