Retirees being cheated over EPF withdrawal by giving up citizenship

September 5th, 2011 by poobalan | View blog reactions Leave a reply »
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Please remind the elderly folks in rural areas about this scam.

Many retired Indians have been cheated by “agents” who told them that they could only withdraw their Employees Provident Fund (EPF) savings by giving up their citizenship.

Special Implementation Task Force for Indians national coordinator Datuk N. Siva Subramaniam said that due to their lack of education, many of these retirees were cheated this way.

Siva said many of them would pay the “agents” money to help them apply to surrender their citizenship.

“However, in the end, those conned would receive nothing. They were so ignorant that they did not know that such a procedure did not exist,” he said.



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