Loan Digest

RM57 mil losses due to loan scams since beginning of year

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Victims forced to pay various fees before realising they had been cheated. FMTNews Loan Scam

Bukit Aman Commercial CID director Mohd Zakaria Ahmad says 20 such easy loan syndicates had been crippled following raids on call centres in various states.

He said the number of cases being reported was expected to increase, based on the trend, by the end of the year. “Of the total arrests, 62 syndicate members have been charged in court under various commercial crime offences,’’ he told a media conference at the Commercial CID headquarters here today. ‘’The syndicate will not give a loan but will dupe the victim into making various payments such as processing fees, stamp duty, advance payment, legal fee and insurance, and promising that the money will be returned,’’ he said.

 

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