Pertama Digital eJamin contract talks only began in February 2025, about five years after the electronic bail system started running for the courts. Dapat Vista said in a statement on Thursday, Oct 8, that it acknowledges the issues flagged by the PAC and backs finalising a contract with the government.
Why Did Pertama Digital’s eJamin Talks Start Five Years Late?
Dapat Vista says engagements on eJamin began in 2019. Six agencies were involved, including the Office of the Chief Registrar of the Federal Court, the Public Private Partnership Unit and the Attorney General’s Chambers.
A Finance Ministry letter dated Dec 26, 2019 raised no objection to implementing the system. The system was implemented the following year.
How Long Does the eJamin Temporary Exemption Last?
The service runs under a temporary Finance Ministry exemption granted on May 17, 2024. That exemption has been extended until Dec 31, 2026, so the date is worth marking on your calendar.
On Aug 18, 2025, Dapat Vista proposed three options to the Finance Ministry:
- Government purchase: the government buys the system.
- Subscription: the government pays a subscription fee.
- Hybrid model: the company builds and operates the system for five years before handing it to the government.
Where Does eJamin’s RM450,000 Monthly Cost Come From?
Dapat Vista says eJamin operates as a public-private partnership with zero cost to the government. Bail funds not needed for daily refunds are placed in deposit and investment bank accounts.
Principal amounts are held as restricted balances in virtual accounts under bailors’ names. Only the interest income is used to fund eJamin’s operations, which average RM450,000 per month.
What Is Behind the RM557,258 Variance Flagged by PAC?
The PAC highlighted a RM557,258 variance as of Dec 31, 2024. Dapat Vista blames the dynamic nature of daily transactions, where entries recorded in the system had not yet cleared in bank statements at the cut-off date.
The company says it has documented and reported this explanation to the authorities, alongside supporting records to verify the reconciliation.
What Does the Unsigned Contract Mean for PERTAMA Shareholders?
The numbers that matter for PERTAMA are the RM450,000 monthly operating cost, the RM557,258 variance and the Dec 31, 2026 exemption end date. Each one bears directly on whether the eJamin arrangement is settled.
Separate reports say the government is reviewing the formal agreement with Dapat Vista before presenting it to Cabinet. The PAC also said Pertama Digital ran eJamin for five years without a formal contract and invested bail funds without approval.
Worth monitoring: whether one of the three proposed options reaches a signed contract before the exemption expires on Dec 31, 2026.
Disclaimer: This article is for general information only and is not investment advice. Do your own research and consult a licensed adviser before making any decision on PERTAMA. For a faster read on company filings, see AI Stock Analysis for Malaysians.
Key Takeaways
- Contract talks with the government began in February 2025, about five years after eJamin started running.
- The service operates under a temporary Finance Ministry exemption extended until Dec 31, 2026.
- Three options were proposed on Aug 18, 2025: government purchase, subscription or a five-year hybrid model.
- eJamin’s operations average RM450,000 per month, funded only from interest income.
- The PAC flagged a RM557,258 variance as of Dec 31, 2024, which the company attributes to uncleared entries.
Frequently Asked Questions
What is the eJamin system?
eJamin is the electronic bail processing system for the courts, run by Dapat Vista (M) Sdn Bhd, an indirect unit of Pertama Digital Bhd (KL:PERTAMA). A Finance Ministry letter dated Dec 26, 2019 raised no objection to implementing it.
When does the eJamin exemption expire?
The temporary Finance Ministry exemption was granted on May 17, 2024 and has been extended until Dec 31, 2026. The contract talks with the government are still ongoing.
How much does eJamin cost the government?
Dapat Vista says eJamin is a public-private partnership with zero cost to the government. Its operations are funded by interest income, which averages RM450,000 per month.
What is the RM557,258 variance in eJamin?
The PAC highlighted a RM557,258 variance as of Dec 31, 2024. Dapat Vista says it reflects entries recorded in the system that had not yet cleared in bank statements at the cut-off date.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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