Latest news with #MoneylendersAct1951
Malay Mail
2 days ago
- Malay Mail
Cops seize nearly 3,000 ATM cards, arrest five ‘runners' in Subang Jaya loan shark syndicate bust
KUALA LUMPUR, Aug 18 — Police have arrested five men believed to be 'collectors' and 'runners' for an unlicensed moneylending syndicate, or 'along', and seized 2,924 ATM cards. Bukit Aman Commercial Crime Investigation Department (JSJK) director Datuk Rusdi Mohd Isa said that following surveillance in Subang Jaya, police arrested three local men who were acting suspiciously in front of a bank on August 8. He said subsequent checks at the premises where the men lived and worked in Subang Jaya led to the arrest of two more individuals suspected of involvement in the same activities. 'Investigations revealed that the individuals were working as 'collectors' and 'runners,' tasked with withdrawing money from ATM cards for an along (loan shark) syndicate,' he told a press conference today. Rusdi said a search of the premises uncovered ATM cards, RM119,997 in cash, 14 mobile phones, as well as various loan agreement documents and personal details of individuals. He said those arrested were paid monthly wages of between RM2,500 and RM3,500 to withdraw cash using ATM cards, and had been working with the syndicate for periods ranging from six months to two years. 'They received instructions from their supervisors via the Telegram application. Each day, withdrawals ranged between RM5,000 and RM8,000, after which the money was packaged and sent to a designated address through a delivery service company,' he said. According to Rusdi, further inspection of the seized ATM cards revealed that 18 of the account numbers linked to the investment fraud did not exist. He said all suspects, aged between 26 and 36, were released on police bail on Aug 12, and the case is being investigated under Section 424 of the Penal Code and Section 5(2) of the Moneylenders Act 1951. The police are now working to trace the owners of the ATM cards as well as the masterminds behind the unlicensed moneylending syndicate, he added. — Bernama
Barnama
2 days ago
- Barnama
Unlicensed Money Lending Actvities: Five Individuals Detained, Almost 3,000 ATM Cards Seized
KUALA LUMPUR, Aug 18 (Bernama) -- Police have arrested five men believed to be 'collectors' and 'runners' for an unlicensed moneylending syndicate, or 'along', and seized 2,924 ATM cards. Bukit Aman Commercial Crime Investigation Department (JSJK) director Datuk Rusdi Mohd Isa said that following surveillance in Subang Jaya, police arrested three local men who were acting suspiciously in front of a bank on August 8. He said subsequent checks at the premises where the men lived and worked in Subang Jaya led to the arrest of two more individuals suspected of involvement in the same activities. 'Investigations revealed that the individuals were working as 'collectors' and 'runners,' tasked with withdrawing money from ATM cards for an along (loan shark) syndicate,' he told a press conference today. Rusdi said a search of the premises uncovered ATM cards, RM119,997 in cash, 14 mobile phones, as well as various loan agreement documents and personal details of individuals. He said those arrested were paid monthly wages of between RM2,500 and RM3,500 to withdraw cash using ATM cards, and had been working with the syndicate for periods ranging from six months to two years. 'They received instructions from their supervisors via the Telegram application. Each day, withdrawals ranged between RM5,000 and RM8,000, after which the money was packaged and sent to a designated address through a delivery service company,' he said. According to Rusdi, further inspection of the seized ATM cards revealed that 18 of the account numbers linked to the investment fraud did not exist. He said all suspects, aged between 26 and 36, were released on police bail on Aug 12, and the case is being investigated under Section 424 of the Penal Code and Section 5(2) of the Moneylenders Act 1951.
New Straits Times
7 days ago
- New Straits Times
Police probe loan shark-linked vandalism in Penang
SEBERANG JAYA: Police are investigating an incident of vandalism, believed to be linked to illegal loan shark activities, after a video went viral showing a house gate and car splashed with red paint. The video, posted on social media platform X by user @Negori09 yesterday, showed the vandalism in Seberang Jaya. Seberang Prai Tengah district police chief Assistant Commissioner Helmi Aris confirmed that a police report had been lodged over the incident. He said the investigation is being carried out under Section 5(2) of the Moneylenders Act 1951 and Section 427 of the Penal Code. "Investigations are still ongoing, with efforts to identify the suspects underway," he said in a statement today. Helmi urged the public to avoid borrowing money from unlicensed lenders, commonly known as "Ah Longs", and to immediately report any threats or extortion attempts to the authorities.
Borneo Post
09-08-2025
- Borneo Post
Police remove 112 illegal moneylender posters in Sibu during 'Op Vulture'
A policeman from the Commercial Crime Investigation Department removes an illegal moneylender advertisement from a road sign during the operation yesterday. SIBU (Aug 9): Police have removed 112 illegal moneylender posters during an operation across the town yesterday. Sibu police chief ACP Zulkipli Suhaili said the operation, dubbed Op Vulture, was carried out by the district's Commercial Crime Investigation Division in five locations, namely Jalan Sungai Antu, Jalan Wong Ting Hock, Jalan Igan, Jalan Teng Chin Hua, and Jalan Serai. 'The operation was conducted following public complaints and as part of the police's ongoing efforts to curb unlicensed moneylending activities, which also contribute to financial scams and harassment by loan sharks,' he said in a statement last night. He said the police will not hesitate to act against those involved in such illegal activities. 'We take this matter seriously as illegal moneylending not only burdens borrowers with exorbitant interest rates but also leads to threats, intimidation, and even violence. 'The public must stay vigilant and avoid falling victim to such schemes,' he said. Zulkipli also reminded the public that unlicensed moneylending is an offence under the Moneylenders Act 1951 (Act 400). 'I urge the community not to be deceived by suspicious advertisements displayed in public places and to report such cases to the police or contact the National Scam Response Centre (NSRC) at 997,' he added. crime illegal moneylender lead Op Vulture Zulkipli Suhaili
The Star
09-08-2025
- The Star
Sibu police clamp down on illegal loan advertisements
SIBU: Police have taken down more than 100 illegal money-lending advertisements during a special operation targeting unlicensed loan activities in the district. Asst Comm Zulkipli Suhaili said the district Commercial Crime Investigation Division carried out Op Vulture on Friday (Aug 8) after complaints from the public were received. He issued the statement on Saturday (August 9). "During the operation, 112 advertising banners were removed from traffic lights and lamp posts along Jalan Sungai Antu, Jalan Wong Ting Hock, Jalan Igan, Jalan Teng Chin Hua and Jalan Serai,' said ACP Zulkipli. He said five police reports were lodged over the removal of banners suspected of promoting unlicensed moneylending. ACP Zulkipli said that this is part of ongoing efforts to eradicate unlicensed moneylenders linked to financial fraud and extortion against borrowers. He said anyone involved in such activities could face action under the Moneylenders Act 1951 (Act 400) and also urged the public to ignore dubious adverts in public spaces and to report suspicious notices directly to the police.
