Police bust personal loan scam syndicate

  • Nation
  • Tuesday, 22 Oct 2019

ISKANDAR PUTERI: Imagine getting a support letter from the Johor palace whenever you apply for a personal loan.

This is how a syndicate has been operating and duping people in a fake loan fraud here, where more than a dozen have fallen victim.

Police uncovered their activities after a Grab driver was cheated out of RM49,000 by a passenger in July.

Iskandar Puteri OCPD Asst Comm Dzulkhairi Mukhtar said the suspect claimed to be a personal loan agent with a bank and offered a RM120,000 loan to start a business.

“Once the victim expressed interest, the suspect requested a processing payment, deposit and fee to open an account.

“The victim transferred RM49,078 in phases to three accounts as requested by the suspect, ” he told a press conference yesterday.

He said the victim was later given a loan application form, an approval letter, a picture of a cheque with his name on it and a supporting letter from the Johor palace.

“However, all of the documents handed to the victim are believed to be fake, ” he said, adding that police arrested the suspect a day after the victim lodged a report on Oct 16.

Upon questioning, the suspect led police to a premise in Taman Damai Jaya, Skudai, where a man and a woman were arrested.

“We confiscated a document with a letterhead of the Johor palace, 47 documents with bank letterheads, four bank cheques and three letters from the Attorney-General office, all of which are believed to be fake, ” ACP Dzulkhairi added.

He said all three suspects were under remand and that the case would be investigated under Section 420 of the Penal Code.

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