Bank Account Books and ATM Cards Seized from Syndicate

21 February 2007
Shah Alam

Police have seized about 636 savings account books and 188 ATM cards from an illegal loan shark syndicate’s house last week. The house along Lorong Batu Nilam, Bukit Tinggi, had such items with details of customers who were mostly factory and low-income workers.

It is believed that the syndicate has collected more than RM300,000 in the past six months from these victims who were from Puchong, Shah Alam, Klang and Subang Jaya. The debt collectors would withdraw all the money from the lenders’ bank accounts, take their commission and return the remainder to the lender.

The case is being investigated under the Moneylenders Act. No arrests have been made but statements have been taken from the seven people found during the raid. The suspects can be jailed up to five years and fined up to a maximum of RM100,000, or both.

The Star Online – Police seize savings account pass books and ATM cards during raid
<URL:http://www.thestar.com.my/news/story.asp?file=/2007/2/21/nation/20070221175924&sec=nation>

New Straits Times – Ah Long den gives cops ample proof
<URL:http://www.nst.com.my/Current_News/nst/Thursday/National/20070222094220/Article/local1_html>

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