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- A Malaysian firm whose listed shares have lost four-fifths of their value since August amid financial troubles is believed to owe over RM200 million (S$63 million) to the Road Transport Department (RTD).
Official documents seen by The Straits Times show that XXX failed to hand over money collected for the renewal of vehicle road tax, driving licences and traffic summonses from the very start of its three-year contract in May 2023.