adminSIBU (April 13): Illegal online moneylending syndicates are becoming increasingly alarming as their tactics now also involve making criminal threats, including harming the borrowers’ family members and kidnapping.
The was highlighted by National Consumer Action Council (MTPN) Sarawak president Lucas Lau during a press conference here on Monday, regarding a case involving a local trader who had fallen victim to such a syndicate in January.
It is reported that he discovered some RM700,000 had been deposited into his bank account without his consent.
“This is their (illegal moneylenders’) tactic – they transfer money without being asked, then force the victim to repay, along with unreasonable interests,” said Lau at the press conference.
The local trader eventually made payments up to RM1.2 million, yet the syndicate continued demanding the remaining amount of RM1.5 million.
The situation escalated on April 10 when he received threats, including harm to his family and the kidnapping of his child, should he fail to settle the debt.
“This is no longer just a debt issue. It has escalated into serious criminal intimidation,” stressed Lau.
In desperation, the trader sought assistance from MTPN Sarawak, and was advised to lodge a police report immediately.
Complications arose when two men, believed to be from Peninsular Malaysia, approached and offered him a chance to ‘settle’ the debt – on condition that he must transfer the ownership of his property to them.
Acting on the advice from MTPN, the trader cooperated with the police, leading to the arrest of both suspects on April 11 at a restaurant here during a follow-up meeting.
Police said several items were seized including mobile phones, ATM cards, cash and a laptop believed to have been used in the criminal operation.
The case is being investigated under Section 5(2) of the Moneylenders Act 1951 and Section 506 of the Penal Code.
The suspects are now on remand to facilitate the investigation.
Lau said MTPN Sarawak had been receiving similar complaints almost daily, indicating a worrying upward trend in such cases.
“We do not want more families to fall victim. Anyone can be trapped if they are not careful.”
He also reminded the public not to be deceived by easy-loan offers promoted on social media, especially those from unlicensed or suspicious sources.
“Awareness is the main defence. Sharing information can save a family from becoming victims.
“Victims of or those with information about illegal loan syndicates are urged to come forward and lodge a report,” he added.
Among those present at the press conference were MTPN women’s development bureau chief Datin Lily Toh, its entrepreneur development bureau chief Malcolm Lee, MTPN Sarawak Youth chief Sean Wong, and MTPN Sibu chairperson Intan Asmida.
-Agency
