The Employee Provident Fund (EPF) has set up a system to detect those who have made fake withdrawals.
Apparently, this new system will be able to spot discrepancies, even after a withdrawal had been made.
Early this year, four people were convicted for fraudulent housing withdrawals.
Fake EPF withdrawals is a serious offense and those found guilty could be sentenced to a maximum of three years jail, or fined RM10,000, or both.
If you want to make a withdrawal, do it by dealing directly with an EPF officer. Do not accept any assistance from syndicates who offer to withdraw their EPF savings in return for an exorbitant fee.
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