Zetrix AI Bhd, formerly known as MyEG Services Bhd, has been allowed to continue providing immigration-related services despite the immediate termination of its agreement with the immigration department.
In a bourse filing, Zetrix AI said it received a letter from the home ministry today clarifying that the company could continue to offer immigration-related services within the scope of any other agreement with the government.
It said it had a teaming agreement with Heitech Padu Bhd, which was awarded the National Integrated Immigration System (NIISe) project, under which immigration-related services, including foreign worker permits, were within the NIISe project scope.
“The suite of immigration-related services provided by the company continues to be accessible to customers through its platform,” it said.
The company also said it expected minimal disruption and no material impact on its financial performance following this development.
On July 15, it was reported that Bursa Malaysia Securities Bhd fined seven of Zetrix AI’s directors RM150,000 each for failing to ensure three company announcements in 2023 were factual and accurate.
Bursa said Zetrix AI announced on July 7, 2023, among other things, that a notification letter dated July 4, 2023 from the home ministry confirmed the finance ministry’s approval of the company’s appointment as the government revenue collection agent and extended its role as the provider of online services for the immigration department.
It said the July 7 announcement was inaccurate, false and misleading as it was inconsistent with the contents of the July 4 letter.
It said Zetrix AI and the directors also failed to make an immediate announcement to clarify the inconsistency, but maintained its misrepresentation of matters in the company’s subsequent announcements on Sept 13 and Sept 14 that year.
On July 15, it was reported that Zetrix AI would seek a judicial review against Bursa over the penalty imposed on its directors.
