Retiree pays RM343k in‘fees’ for RM200k loan


SEREMBAN: A government retiree sold his car and borrowed money from friends and relatives to pay RM343,000 for “processing and other fees” after being told that his application for a RM200,000 loan was successful.

Despite making the payment, the 62-year-old did not get the loan he applied for, which had been advertised on social media.

Instead, he ended up losing the RM343,000 which he had paid to have the loan processed and approved.

State commercial crime chief Supt Aibee Ab Ghani said the victim decided to apply for the loan after coming across the advertisement on Sept 22.

“The loan was to pay for a non-governmental organisation-related programme the victim had organised.

“After making the application, a woman called him to ask for his personal documents to enable the company to process it, ” Supt Aibee said.

On Sept 25, the woman called the victim and told him that his application was successful.

But he was asked to make payments for processing, insurance and agreement fees before he could receive the money.

Supt Aibee said the victim transferred money via 71 transactions into several bank accounts from Sept 29 till Oct 24.

“The victim only realised that he had been cheated when he asked for money from his children, who then told him that he had been scammed, ” he said, adding that thevictim then lodged a police report.

The case is being investigated under Section 420 of the Penal Code for cheating, he said.

Supt Aibee reminded the public to be wary of such non-existent loan schemes.

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