RM3 billion to yet be claimed by inheritors

2009/11/08

KOTA BAHARU: Failure by the depositors to name their inheritors has resulted in a total of RM3 billion in cash not being given out to the inheritors concerned to date.

Deputy Finance Minister Senator Datuk Dr Awang Adek Hussin said the money should have been claimed from the Accountant-General's Department as they were left by the original depositors who had died without naming their inheritors.

"There is still a vast sum of unclaimed money throughout the country amounting to about RM3 billion kept in the Accountant-General's Department because some of the depositors have died and the inheritors or their children had no knowledge of it.

"Some of the money were left through the Employees Provident Fund (EPF) and the depositors' banking accounts without the knowledge of their next of kins including their children," he told reporters after attending a Briefing by Departments and Agencies Under the Finance Ministry operating in the state, here today.

Also present was the Chairman of Amanah Raya Berhad, Datuk Dusuki Ahmad.
- Bernama

New Straits Times reserves the right not to publish offensive or abusive comments and those of hate speech, harassment, commercial promos and invasion of privacy. Your IP will be logged and may be used to prevent further submission. The views expressed here are that of the members of the public and unless specifically stated are not those of NST.