MALAYSIANS keen to have a lavish Hari Raya celebration have borrowed about RM37.5mil, reported Kosmo!.
Malaysian Punjabi Licensed Moneylenders Association deputy president Amrinderjit Singh said more than 7,500 loans had been given out by about 1,500 moneylenders from the association for this festive period.
“The total might be higher as there are 3,000 moneylenders in the country,” Amrinderjit told the daily.
He said the average loan was usually RM5,000, but there were those who borrowed twice as much.
Most borrowers, he said, wanted extra cash to buy Hari Raya necessities and for expenses to return to their hometown.
Some also borrowed to buy new motorcycles or cars, he added.
He said moneylenders usually got an average of five new customers during the festive season.
> A teacher in Pekan lost more than RM100,000 after falling for a personal loan scam on social media, reported Harian Metro.
Pahang Commercial Crime Investigation Department chief Supt Mohd Wazir Yusof said the 43-year-old had responded to an advertisement.
He said the teacher was contacted by an individual who identified herself as Miss Celine from Syarikat Al Ariyah Enterprise on April 30.
“After talking to the individual, the teacher gave her photos and documents to secure a loan of RM20,000,” he said, adding the victim was supposed to pay RM433.33 a month for five years.
The victim was however asked to pay transaction fees since May 3, which amounted to RM108,380.
Supt Mohd Wazir said the teacher was told that the money was meant to be used to secure the loan.
“The victim realised that this was a scam after multiple transactions were made, and when the Bank Negara Telelink team contacted the victim,” he said.
? The above article is compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with this ' >'sign, it denotes a separate news item.
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