Cops arrest eight, cripple syndicate using fake documents to get bank loans


KUALA LUMPUR: Eight men, including six bank officers, have been detained for being part of a syndicate that used fake documents to obtain bank loans.

The syndicate had been operating since late 2019, resulting in millions of ringgit of losses for a bank.

Kuala Lumpur police chief Comm Datuk Azmi Abu Kassim said police are also looking tor 36 individuals to assist with the investigations.

"We believe the syndicate was involved in 36 loan applications that resulted in RM4.7mil in losses for the bank as the applicants used fake documents.

"We have been looking for the 36 applicants to assist with the investigation. So far, two of them have come forward," he told a press conference at the Kuala Lumpur police headquarters on Wednesday (May 5).

Initial investigations revealed that the applicants were assisted by the detained bank officers, he added.

"The bank officers, who are in cahoots with the syndicate, would approve the loan applications despite knowing the applicants were using fake documents.

"We have detained six bank officers and two syndicate agents following raids in the Klang Valley on May 1.

"We also seized eight mobile phones, nine payslips, and a hard disc during the raids," he said.

Comm Azmi said on average, each loan application was about RM150,000.

"However, the applicants would receive only 30% of the loan amount while the balance would go to the syndicate.

"We are still looking for more syndicate members," he added.

Comm Azmi urged those with information to contact Putrajaya Commercial Crime Investigation Department chief Asst Supt Mohamed Hanafiah Mohamed Kawi at 012-604 4600 or 03-8886 2222, ext 2046.

"We hope those thinking of applying for loans to use the right channels to avoid being duped by syndicates.

"People with information on any criminal incident can contact the Kuala Lumpur police hotline at 03-2115 9999 or any nearby police station," he said.

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