Six EPF members found guilty of making fraudulent withdrawals

2009/11/05

KUALA LUMPUR: Six subscribers of the Employees Provident Fund (EPF) had been found guilty and fined by the court for making fraudulent housing withdrawals between July and September this year.

EPF Public Relations General Manager Nik Affendi Jaafar said five of them may be jailed for up to five months if they failed to pay the fine.

"Until Sept 30, 2009, a total of 107 EPF subscribers have been charged in court for offences under Section 59 of the EPF Act 1991," he added.

He said those found guilty could be sentenced to jail for up to three years or fine RM10,000 or both.

Those who returned the money they had withdrawn to EPF within six months would have to wait for two years to make the same withdrawal again, while those who did not return the money would lose their right to make the same withdrawal ever again, he added.

Nik Affendi said EPF members who were approached by anyone offering to help them make EPF withdrawals should report to EPF or the police.

He advised those wanting to make their EPF withdrawals to deal directly with EPF. - Bernama