
Tangngam advertised her loans on social media platform Facebook by posting a photograph of a branded handbag and stating the loan amount as well as repayment amount – being loan amount plus interest – on the same post, but had no intention to repay the advertised loan or to use the advertised branded handbag as a collateral for the loan. — Image by Freepik
SINGAPORE: A woman who hatched a plan to obtain “loans” from others by using branded handbags as collateral managed to cheat multiple victims of S$436,300 (RM1.44mil) in total.
But Thai national Tangngam Nonthacha, 35, had no intention to repay the loans or use the bags as collateral.
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