Disabled toy seller tricked into signing as guarantor, now owes bank RM150,000


Chong (seated, left) and his lawyers meeting with fraud victim Lim Kok Sing at Wisma MCA on Wednesday.

KUALA LUMPUR: A disabled toy seller's dream of expanding his business were dashed after being cheated by a friend who promised to help him secure a bank loan.

Lim Kok Sing, 38, has been earning a living by selling toys on the street after losing his legs in an accident when he was 13.

In June 2012, he met a man named Tan who claimed to be able to assist him in securing a RM150,000 bank loan for expanding his business.

Lim was then brought by Tan to meet a "bank officer" named Pun, who made Lim sign several documents and make copies of his IC.

Lim also paid Tan RM10,000 as a commission.

But six months later, Lim receives a bill amounting RM19,000 from two credit cards that he didn't own.

Unable to pay, Lim was sued by the credit card company and filed for bankruptcy.

"I thought he was my friend and that he was helping me but I had no idea he was a cheater and a liar," he said.

The nightmare didn’t stop there as Lim received a letter from a bank saying that he owed them RM150,000 after signing to be a guarantor for a business he had never heard of before.

Lim lodged a police report on the matter in January 2014.

"I trusted them and now I have to pay for a steel business under the name of a Mr Goh. I don't even know who he is," he said during a press conference at the MCA Public Services and Complaints Department at Wisma MCA Wednesday.

Department head Datuk Seri Michael Chong said he would offer legal aid to Lim.

"We would like to know how can a credit card with a RM5,000 limit be swiped up to RM19,000.

"We also want to know the status of the investigation on the police report made in 2014. My lawyer will be writing to both parties on this," he said, adding that he will bring up the matter to Bukit Aman if no action was taken.

Chong also urged the public to be cautious when signing documents that could lead them into financial ruin.

"In this case, Lim signed all the documents with his cheaters at restaurants instead of doing it at the bank," he said.


Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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 Nation

The key to homeownership
KKB by-election: Perikatan names Khairul Azhari Saut as candidate
Latar announces temporary closure of Ijok interchange to Puncak Alam
Bomba finds body of 82-year-old woman in locked home in Tawau
Bomb squad rushed to KLIA after 'explosive' laptop found
Sabah Customs seizes smuggled alcohol worth over RM1.9mil at Sepanggar Port
Malaysian professor honoured by Hungarian university for advancing exercise medicine
Railway Infrastructure of Johor-Singapore RTS over 70% complete, says Transport Minister
KKB by-election: Slander will only hurt Indian community, says Ramanan
Najib Razak did not instruct US$1.03bil 1MDB fund transfer, court told

Others Also Read