Thursday, December 25, 2014

MALAYSIA:::Perwaja defaults in paying RM9.17m in staff’s EPF

EPF takes legal action against Perwaja Steel and its directors for not making payments from August 2013 to September 2014.
perwaja kwspKUALA LUMPUR: The Employees Provident Fund (EPF) has taken legal action, including prosecution and civil suits against Perwaja Steel (Kemaman) Sdn Bhd (PSSB) and its directors for not making monthly contributions worth RM9.17 million.
EPF Deputy Chief Executive Officer of Operations, Mohd Naim Daruwish in a media statement here said the amount in arrears included contributions from August 2013 to September 2014.
“The EPF has completed investigations into PSSB Kemaman and there are civil suits which have not been settled by the management and directors of the company at the Kuala Terengganu High Court to get back the outstanding contributions.

“The EPF has informed the company’s directors about the outstanding contributions in efforts to recover the money, including preventing them from leaving the country, under the provisions of Section 39 of the EPF Act 1991,” he said.
Mohd Naim said the EPF would take stern action against any company which did not make contributions to the EPF which was a retirement benefit for their employees.

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