PETALING JAYA: Police have arrested five men linked to an illegal money lending syndicate.
Petaling Jaya OCPD Asst Comm Mohamad Fakhrudin Abdul Hamid said a director of a private company encountered licensed money lending services on social media in December 2020.
“The plaintiff was in financial difficulty at the time and took out loans from several online companies without realizing that he had in fact taken out a loan from an ah long syndicate.
“The 46-year-old borrowed RM96,240 and repaid RM100,895,” he said in a statement on Thursday April 7.
He said the victim was then harassed and threatened to repay the principal of RM72,000.
“The complainant was then contacted by someone claiming to be from a licensed money lending company and offered to settle the arrears.
“In a state of desperation and fear, he then signed a lender’s agreement to settle the delinquent loan and now had to repay RM120,000,” he said, adding that when the complainant could not pay, the union sent people to his mother’s house. house to harass her for payment.
ACP Mohamad Fakhrudin said the victim was threatened daily by the ah long union.
“The complainant filed a police report into the case on February 11 this year.
“Based on information, police from the Petaling Jaya Commercial Crime Investigation Department, headed by Inspector Ahmad Basyar Anuar, raided a premises in Kelana Jaya on April 6,” it said. he said, adding that they had arrested five men suspected of involvement in the case.
He said investigations revealed that three of the suspects had backgrounds for other crimes.
“We detained the suspects for four days to help with investigations.
“We are investigating the matter further to examine the suspects’ involvement in providing unlicensed loans to Petaling Jaya,” he said, advising the public not to be fooled by the cunning tactics of ‘ah long syndicates that promote illegal lending through various means.