Syndicated loan scam


  • Business
  • Saturday, 08 Jun 2019

Thuraisingham Shan, who is also URUSKOP (Entrepreneur and Islamic Management of Malaysia's Association) Honorary Secretary and Cooperative & Management Consultant Advisor.

A SYNDICATED loan scam falsifying payslips for civil servants and employees of government-linked companies (GLCs) allegedly involving the Malaysian National Co-operative Movement (Angkasa) and various individual co-operatives is gaining traction and is currently being investigated.

These also involve loan payouts of only 50% of the amount that was applied for by civil servants with even their ATM cards being confiscated.

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