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 RM11 Billion in unclaimed money - Ahmad Maslan

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The.Lucas.DaY
post Apr 14 2023, 02:03 PM

On my way
****
Junior Member
671 posts

Joined: May 2019

I got hundreds ringgit under my name, bersyukur la dapat beli kepsi nanti
The.Lucas.DaY
post Apr 14 2023, 02:07 PM

On my way
****
Junior Member
671 posts

Joined: May 2019

QUOTE(iGamer @ Apr 14 2023, 01:29 PM)
Iinm from what I heard on tv news, the govt now seek to shorten the time to use the WTD from 15yrs to 10yrs, but the rightful owner can still claim the money within 15yrs.
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"Ahmad Maslan said the government also intends to amend Act 370, involving the period of transfer to the Consolidated Revenue Account from 15 years to 10 years, to redefine WTD according to Sections 8(a) and 8© of Act 370, and the amount of fines imposed on companies or firm for non-compliance."

 

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