Putrajaya urged to allow one last EPF withdrawal


Ravin Palanisamy

The Federation of Malaysian Consumers Associations says it is better for the government to allow the public to make one last withdrawal from their EPF savings than have them resort to taking loans from illegal moneylenders. – The Malaysian Insight file pic, March 14, 2022.

PUTRAJAYA must allow people to make withdrawals from the Employees Provident Fund (EPF) immediately to stop them from resorting to borrowing from loan sharks and unlicensed moneylenders, the Federation of Malaysian Consumers Associations (Fomca) said.

Its president Marimuthu Nadason said rather than people going to loan sharks or unlicensed and illegal moneylenders, which would make their situation worse, allow them to make EPF withdrawals.


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