Court upholds RM9.3 million fine on MyEG for abusing position

KUALA LUMPUR: The Kuala Lumpur High Court today upheld the RM9.34 million fine imposed by the Malaysia Competition Commission (MyCC) against MYEG Services and MYEG Commerce for abusing its dominant position.

In dismissing the judicial review application by MyEG, judge Azizah Nawawi agreed with the Competition Appeal Tribunal’s findings which reaffirmed MyCC’s decision that MyEG was guilty of imposing different conditions in equivalent transactions in the purchase of mandatory insurances for the renewal of foreign workers’ temporary pass (PLKS).

MyEG was ordered to pay a penalty of a total of RM9.337 million under section 10(2)(d)(iii) of the Competition Act 2010.

“MyEG is still liable for a daily penalty of RM7,500 per day until they comply with the directives imposed by MyCC in its decision,” MyCC said in a statement today.

MyCC CEO Iskandar Ismail said the case was a testament to MyCC’s commitment, without fear or favour, to take stern action against abusive monopoly or dominant players in the market.

“We will continue to support the government to ensure the market is free from any harmful or wasteful monopoly,” he added.