100,000 civil servants to go bankrupt soon


Cuepacs estimates that as many as 100,000 civil servants will be declared bankrupt soon due to the rising number of personal loans they are taking. — The Malaysian Insight file pic, May 1, 2017.

SOME 100,000 civil servants are in danger of being declared bankrupts, as they take more loans to cope with the rising cost of living.

Congress of Union of Employees in the Public and Civil Services Malaysia (Cuepacs) president Azih Muda said middle and low-ranking civil servants resort to such measures thinking that it would offset their expenditure owing to the rising inflation rate.


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Comments


  • How can they appy as many as 4 banks for personal loans as they actually qualify for one at a time. Using forge documents is one way. These civil servants should be sacked! They have committed a financial crime. No wonder civil servants welcome corruption, one way for making ends meet.

    Posted 6 years ago by Jimmy Jimmy