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Wednesday, 20 August 2014

Seven fined for making fraudulent EPF withdrawals

PETALING JAYA: Seven people have been fined a total of RM8,700 by the courts for making fradulent Emplo­yees’ Provident Fund housing withdrawals this year.

EPF head of corporate affairs Nik Affendi Jaafar said it did not deny the involvement of syndicates or third parties who helped “desperate members” withdraw from their EPF savings through fraudulent means.

“EPF takes fraudulent claims by members seriously and will not hesi­tate to take legal action against dishonest members,” he said in a statement here yesterday.

“These members will be under our close watch. Those who fail to return the amount after six months from the conviction date will ultimately lose their right to make the particular withdrawal forever,” he said, adding that EPF had a system in place to detect and identify members who made fradulent withdrawals.

He also warned members in financial distress to be wary of syndicates promising assistance in withdrawing their EPF savings.

EPF members can report any cheating or fraudulent withdrawal by calling the Anti-Fraud Hotline during working hours from Monday to Friday at 03-2616 2121.

Tags / Keywords: Courts Crime , fraud , epf


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