Unravelling a million-ringgit puzzle

See: ‘China banks will not even allow the US50,000 transfer abroad unless it is for medical and educational purposes.

MAK, a national Chinese, had paid the RM60,000 downpayment for a new RM2mil residential unit.

The Malaysian agent tried to help Mak secure a loan with several banks, both local and foreign, among which are two Chinese banks. The news that kept coming back was not good.