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Malaysiakini

Bank agrees to postpone auctioning chronically ill patient's home

Ambank has purportedly agreed to postpone the auction of a chronically ill patient's home after he was unable to repay his housing loan, pending the outcome of an insurance claim. PSM central committee member Karthiges Rajamanickam claimed that negotiations with the bank have concluded with an agreement to delay the auction while the homeowner Komagan Devadas's Mortgage Reducing Term Assurance (MRTA) claim is being processed...