Loan sharks want car as collateral


KUALA LUMPUR: Those who wish to borrow money from loan sharks are now told to put their cars up as collateral with ownership changing hands if they falter in their repayments, says Bukit Aman.

Federal Commercial Crime Investigation Department director Comm Datuk Seri Ramli Mohamed Yoosuf said police had detected the new tactic after a raid at an office unit in Sungai Besi.

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