Transport Minister Loke to reveal details of MyEG suspension

Transport Minister Anthony Loke is set to announce details surrounding the suspension of MyEG services in what is shaping up to be a significant development for the online vehicle management platform.

The move comes after reports emerged that Zetrix AI, a unit under the MyEG group, has accumulated outstanding payments of RM300 million in Road Transport Department (JPJ) fees that were collected from customers.

MyEG has long served as a key intermediary for Malaysian motorists seeking to renew vehicle registration and settle road tax obligations through digital channels. The suspension raises questions about the safeguarding of customer funds and the company's operational compliance.

The minister's expected statement will provide clarity on the scope of the suspension, government measures to protect affected customers, and any regulatory actions being considered. Industry observers are closely monitoring developments as this matter carries implications for the broader digital transaction ecosystem in Malaysia.

Further details are anticipated to emerge once the minister formally addresses the issue.