EPF: 278 directors prevented from leaving Malaysia

  • Business Premium
  • Tuesday, 06 May 2014

KUALA LUMPUR: The Employees Provident Fund (EPF) submitted 278 names of defaulting company directors to the Immigration Department in the first quarter of this year to prevent them from leaving the country without first settling their employees’ EPF contribution arrears as provided under Section 39 of the EPF Act 1991.

During the quarter, EPF said, 157 errant employers were fined a total RM218,650 by the courts under Section 43(2) of the EPF Act 1991.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , EPF


Next In Business News

Strong economic fundamentals, prudent management to contribute to stronger ringgit Premium
Matrix Concepts announces preview of latest Melbourne project Premium
Poor skinny kid from Malaysia makes it really big Premium
Brent could push past US$150/bbl if Russian oil exports shrink, BofA says Premium
Indonesia to allocate about 1 million tonnes of palm oil for export Premium
UK equities record best week since mid-March Premium
Oil settles up ahead of US driving season Premium
World stock markets rally, treasury yields fall on inflation data Premium
Wall St Week Ahead-Stock rally fanned by hopes of Fed 'past peak hawkishness' Premium
Embracing sustainability Premium

Others Also Read