Ah Long forces borrower to pay RM500 for every 30-minute delay in repayment


KUALA LUMPUR: An insurance agent borrowed money from an Ah Long and paid it back, but he was 90 minutes late.

Now the Ah Long is threatening that he pay RM1,500 as penalty for paying late.

The victim, who wished to be known only as Chan, 25, is afraid for his family's life.

"I borrowed RM3,000 from the loan shark called JJ on Dec 31, and paid the full amount.

"Now he is demanding an extra RM1,500 as penalty for late payment and is threatening to chop my hands off and injuring my family," said Chan at a press conference held by MCA Public Service and Complaints Department chairman Datuk Seri Michael Chong (pic) at Wisma MCA here Friday (Jan 19).

Chan has since lodged a police report.

Chong said that the Ah Long menace is getting out of hand.

"They are getting more and more unreasonable. This year alone, in the first 19 days, I have 16 cases of people owing Ah Longs over RM2.11mil," he said.

Chong even called JJ on the phone at the press conference and put it on speaker for everyone to hear.

He tried reasoning with the loan shark to leave Chan's family alone but the loan shark refused.

"I don't have to listen to you. I will do what must be done to get him to pay," said the loan shark.

Chong said these loan sharks are fearless and do not care about the police.

"There is no paper trail and you never meet them face to face. Even the bank account they give you is not under their name so it is very difficult for the police to track them," he said.

Chong urged everyone to stay away from unlicensed money lenders and be cautious about who they borrow money from.

"These conmen, once they trap you, will make you pay forever until they destroy not only your life, but the lives of your loved ones too," he said.


Micheal Chong , Ah Long , Moneyleaders , victim , Loan Shark ,

   

Across The Star Online