‘Govt can use unclaimed monies’

PETALING JAYA: The government can consider tapping unclaimed monies as a source of revenue after establishing a legal framework to protect existing claimants’ right to their money, economists and financial experts suggested.

Universiti Malaya’s Prof Rajah Rasiah said the channelling of unclaimed monies for the government’s use could be done with legal instruments that included attempts to exhaust all avenues to reach the legal owners and their possible beneficiaries.