Cracking down on loan defaulters

  • Community
  • Wednesday, 27 Sep 2006

AMONG the 4,818 loan de-faulters of the Perak Higher Learning Fund are some who are now holding high posts in the government and private sectors. 

Perak Education, Multimedia and Human Resource Committee chairman Datuk Dr Zambry Abdul Kadir (pic) there would be no compromise this time around in efforts to re-cover some RM27mil owed. 

He said the state was tired of issuing repeated reminders. 

“Legal action will be initiated especially against 24 people who had been categorised as hardcore defaulters,” he said. 

These 24 defaulters had taken the loan as far back as 20 years ago, he said. 

“They have refused to pay up despite the many attempts to get them to do so. 

“We will forward their names to the state legal advisor for further action.  

“This is also a warning to the other defaulters to pay up immediately as similar action would be taken against them,” he told reporters in Ipoh yesterday. 

“We have also decided to publish the names of the defaulters in the newspapers,” he added. 

Zambry said loan defaulters were being selfish, depriving others the opportunity to pursue their tertiary education. 

“We need to recover the money for others and also for the 120 Masters degree and 10 PhD programme study loans that were newly introduced,” he said. 

He stressed that not a single sen of interest had been imposed on the study loan recipients.  

“It’s not our intention to make a profit.  

“In fact, we keep chipping in at least RM1mil to the fund annually so that as many as possible can benefit from it,” he said. 

This year alone, he said, the fund had given out study loans to 526 people to further their studies at Malaysian colleges and abroad.  

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