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Ex-insurance agent hit with RM14k fine for loan fraud

By NURBAITI HAMDAN

KUALA LUMPUR: A 38-year-old former insurance agent was fined RM14,000 by the Sessions Court here after he admitted to cheating a bank and using false documents to obtain a special loan in 2018.

Ahmad Nadzri Ab Razak plea­ded guilty to cheating Bank Islam for the purpose of approving a RM150,000 loan under a special scheme offered to Inland Revenue Board (LHDN) employees.

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Insurance agent , RM14 , 000 , Bank Islam , cheating , false documents , special loan , LHDN , Penal Code , blacklisted

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