Probe on loan scam, co-operative commission acts


SKM executive chairman Nordin Salleh(pic) said strict action would be taken against the individuals and cooperatives involved should investigations confirm scams involving civil servants

PETALING JAYA: The Malaysia Co-operative Societies Commission (SKM) will investigate allegations that a few co-operatives, including the Malaysian National Co-operative Movement (Angkasa), are involved in a “syndicated loan scam”.

In a statement made by SKM on June 10, its executive chairman Datuk Nordin Salleh said strict action would be taken against the individuals and cooperatives involved should investigations confirm scams involving civil servants’ payslips.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bursa Carbon Exchange completes inaugural renewable energy certificates auction
Ramssol acquires 51% stake in Geekstart for RM6.9mil
Magni-Tech 4Q earnings jumps 33.6%
Govt, business sectors need to collaborate to boost competitiveness
Ringgit ends higher versus US dollar, regional peers
IOI Properties get proposal for joint development of Shenton House in Singapore
UWC expands capacities amid semiconductor and EV projects
Keyfield invests RM172mil in two vessels
Gamuda raises annual dividend by 33% to 16 sen, signals bullish growth prospects
TRC Synergy bags RM125mil contract from BHIC

Others Also Read