PETALING JAYA: The Royal Malaysia Police is constantly taking action against ah long or loan sharks, with 324 cases investigated in the first four months of this year.
Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Mohd Kamarudin Md Din said in a statement that losses reported by complainants in that period were estimated to be RM2,467,404.
"The department has arrested 543 ah long from January to April, and 159 cases have been brought to court.
"We constantly conduct surveillance and investigations to identify syndicates that are active in the country," he said.
Comm Mohd Kamarudin advised the public to never take up loans from illegal moneylenders as it would only cause problems in the future.
He also urged would-be borrowers to verify the licence of any business touting to be a moneylender with the local municipality or Housing and Local Government Ministry.