Tribunal upholds MyCC’s fine on MyEG

PETALING JAYA: MyEG Services Bhd said its appeal against Malaysia Competition Commission’s (MyCC) fine of RM2.272 million for abusing its dominant position in the online foreign workers permit (PLKS) renewals has been dismissed by the Competition Appeal Tribunal (CAT).

In a filing with Bursa Malaysia yesterday, MyEG said the group had reviewed CAT’s decision with its legal counsel and intends to seek a judicial review and apply for a stay against the tribunal’s decision.

CAT also imposed an additional daily penalty amounting to RM7,500 computed from June 25, 2016 to Dec 28, 2017.

MyEG was instructed to immediately cease imposing different conditions to equivalent transactions in the processing of mandatory insurances for online PLKS renewal applications.

MyEG said CAT’s decision is not expected to have any material financial and operational impact on the company.