My-Daybreak.org

Recent revelations of unclaimed deposits to the tune of RM 3 billion are shocking.

Unclaimed deposits are periodically listed in the government gazette and circulated to government departments which take note of the items  pertaining to their departments. And the story ends there.

This state of affairs comes about because the owner of the deposits have either passed away or migrated.

To solve this problem, this list should be published in all newspapers periodically so that the general public is aware of the situation.

Copies of the gazette should also be made available to political parties at stte level.

I believe a large portion of these deposits are from Employees Provident Fund contributors. Statutory declarations and indemnity bonds could be used to make payments to next of kin and through the Malaysian embassies for those who have left the country for good. Where there is a will, there is a way.