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.