MELAKA: A remorseful loan shark has said those who had borrowed from him, mostly blue-collar workers and housewives, need not repay their debts of about RM300,000.
The suspect, 40, who was arrested on Dec 13, told police he regretted his action of intimidating borrowers, said Melaka Commercial Crime chief Supt E. Sundra Rajan.
“The suspect has been fully cooperating with my team in an ongoing probe to track down unlicensed moneylenders in the state.
“He said he does not want to be in the illegal money-lending business anymore, ” Supt Sundra said.
Melaka police discovered 626 documents relating to illegal loans after raiding the suspect’s house in Taman Cheng Perdana here at 9am on Dec 13.
He said the loans totalled about RM300,000, mostly in the Melaka Tengah district.
Supt Sundra said the suspect used many forms of scare tactics to collect debts but did not resort to splashing paint on the borrowers’ properties.
On Sept 17, Melaka deputy police chief Senior Asst Comm Datuk Sharul Lalli Masduki said police seized RM15,000 in cash, five mobile phones, 52 bank books and a car from the suspect during the raid.
He said the suspect was believed to have been active since 2016. He is currently under remand and is expected to be charged soon.