Over RM600k lost to loan scams in just two weeks


PETALING JAYA: A total of 51 loan scam cases involving losses of over RM600,000 have been reported in Selangor in less than two weeks this month.

Selangor Commercial Crime Investigation Department chief Asst Comm Muhammad Yazid Muhammad Yew said the cases were recorded between Jan 13 and Jan 25, involving losses of RM617,758.

“It is a 12.8% increase in cases compared to the same period last year, when 41 cases were recorded with losses amounting to RM547,686, ” he said yesterday.

Selangor CCID also detained 14 people and managed to solve 31 loan scam cases this year, he added.

“The scammers would advertise their ‘loan offers’ using the names of various bogus moneylender companies.

“The syndicates would use various mediums to entice their victims. Among the platforms are Facebook, WhatsApp, WeChat, social media sites and via text messages, ” he said.

ACP Muhammad Yazid said a member of the syndicate would contact the victim to supposedly begin the loan application process.

“Various finance charges will be imposed including a processing fee, stamp duty and payment for legal services.

“After the payments are made, the victim will still not get their loans, ” he said.

ACP Muhammad Yazid advised the public to be careful in applying for loans, especially online.

“They can also check with CCID’s SemakMule site at www.rmp.gov/semakmule for any transactions involving bank accounts and telephone numbers before applying for any loan, ” he said.

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