Selangor to get back loans from ex-students

  • Nation
  • Wednesday, 01 Oct 2003

SELANGOR has appointed Noble Nexus Sdn Bhd (NNx) to trace former students who failed to repay their loan arrears amounting to about RM40mil. 

Mentri Besar Datuk Seri Dr Mohamad Khir Toyo said students sponsored by Selangor Foundation still owed RM20mil in arrears while the remaining sum were owed by students aided by Tabung Pinjaman/Biasiswa Selangor. 

He said the move was necessary because a number of these students had not made a single repayment, Berita Harian reported. 

“These students should repay the loans based on their capability. We would even accept monthly payments of RM50 or RM100 if they are struggling to make ends meet,” he said. 

“They should be concerned about repaying the loans, as future students are affected.” 

Dr Mohamad Khir said the firm's appointment is expected to solve the problem of arrears collection based on its excellent record in collecting water bill arrears. 

He said some of the loan records of 100 to 200 borrowers from both funds were lost when the foundations shifted office. 

However, he said this would not be a cause for concern because the firm could obtain the addresses of borrowers with the co-operation of other government agencies. 

“Actually, we have already published twice the names of borrowers in newspapers, but they remain stubborn and only a small number has made repayments. This is disappointing,” he said. 

“Because of this, we will use NNx’s expertise and go to the borrowers’ homes. NNx is like a modern ceti (moneylender),” he added. 

Utusan Malaysia quoted Home Ministry’s parliamentary secretary Datuk Seri Abu Zahar Isnin as saying that a decrease in drug supply was believed to be the cause of a drastic increase in crimes by drug addicts in the first seven months of this year. 

He said the supply of drugs went down due to actions taken by Thailand to battle drug smuggling, causing drug prices to increase and forcing local addicts to “work harder” to get money for their habit.  

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