Zetrix Submits RM314 Million Settlement Proposal Following JPJ Service Suspension
Zetrix Submits RM314 Million Settlement Proposal Following JPJ Service Suspension
Zetrix AI Bhd, a subsidiary of the MYEG Group, has officially submitted a proposal to the Malaysian government to resolve RM314 million in outstanding remittances. This move follows the suspension of the company's services by the Road Transport Department (JPJ) on October 5, 2026. The company has emphasized that its immediate priority is to settle these dues to facilitate the swift restoration of its service capabilities.
The suspension by JPJ has created a significant operational hurdle, impacting the company's ability to provide essential road transport-related digital services. In its formal statement, Zetrix outlined that the proposed settlement is intended to rectify the financial discrepancies that led to the regulatory action. By presenting this framework to the government, the company aims to fulfill its outstanding obligations and clear the path for regulatory compliance.
As a key player within the MYEG Group ecosystem, the resolution of this matter is critical to the continuity of digital service integration in Malaysia's transport sector. While the specific terms of the settlement proposal have not yet been made public, the company is working closely with relevant authorities to reach an agreement. The outcome of these negotiations will be closely watched by industry stakeholders, as it will determine the timeline for the resumption of services and the stability of digital service providers under JPJ oversight.
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