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Money lenders using new technique to cheat victims <!-- TITLE : end--> <!--
Many victims were employed in Singapore. -The Star/ANN --> </td> </tr> <tr></tr><tr> <td colspan="2" align="left" valign="top" width="550"> <table> <tbody><tr> <td> <table> <tbody><tr><td>
</td> </tr> <tr><td class="content_subtitle" align="left"> Sat, Dec 12, 2009
The Star/Asia News Network </td> </tr> </tbody></table> </td> <td align="right" width="400"> <table border="0" cellpadding="0" cellspacing="0"> <tbody><tr> <td height="15">
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BATU PAHAT, MALAYSIA: Illegal money lenders are resorting to a new technique to make a quick buck by cheating gullible victims of processing and legal fees. Sources said they would request between RM1,000 (S$410) and RM5,000 as processing fees and legal documentation, and once the "commissions" were deposited into their account, they would disappear. Dozens of police reports have been lodged over the matter in the Klang Valley and Johor. The sources said many of those cheated in Johor were employed as factory workers or guards in Singapore. It is learnt that the Ah Long usually enticed their customers by placing fliers and leaflets offering loans up to RM500,000 at a low-interest payment and quick approval for housing and vehicle loans. Deputy Inspector-General of police Tan Sri Ismail Omar said police were aware of the tactics used by Ah Long and they would clamp down on such activities. "Our stand is very clear and we have made a lot of progress especially in the number of arrests on these illegal moneylenders in the last one year.
Those with information are urged to contact the police hotline at 03-22627555 or 07-2212999.
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Money lenders using new technique to cheat victims <!-- TITLE : end--> <!--
Many victims were employed in Singapore. -The Star/ANN --> </td> </tr> <tr></tr><tr> <td colspan="2" align="left" valign="top" width="550"> <table> <tbody><tr> <td> <table> <tbody><tr><td>
The Star/Asia News Network </td> </tr> </tbody></table> </td> <td align="right" width="400"> <table border="0" cellpadding="0" cellspacing="0"> <tbody><tr> <td height="15">
</td></tr> </tbody></table> </td> </tr> <tr><td colspan="3" class="bodytext_10pt"> <!-- CONTENT : start -->
BATU PAHAT, MALAYSIA: Illegal money lenders are resorting to a new technique to make a quick buck by cheating gullible victims of processing and legal fees. Sources said they would request between RM1,000 (S$410) and RM5,000 as processing fees and legal documentation, and once the "commissions" were deposited into their account, they would disappear. Dozens of police reports have been lodged over the matter in the Klang Valley and Johor. The sources said many of those cheated in Johor were employed as factory workers or guards in Singapore. It is learnt that the Ah Long usually enticed their customers by placing fliers and leaflets offering loans up to RM500,000 at a low-interest payment and quick approval for housing and vehicle loans. Deputy Inspector-General of police Tan Sri Ismail Omar said police were aware of the tactics used by Ah Long and they would clamp down on such activities. "Our stand is very clear and we have made a lot of progress especially in the number of arrests on these illegal moneylenders in the last one year.
Those with information are urged to contact the police hotline at 03-22627555 or 07-2212999.
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