Penang cops nab 38 over illegal moneylending


Penang police are cracking down on the loan shark menace, detaining 38 for allegedly engaging in the activity. – The Malaysian Insight file pic, June 16, 2023.

PENANG police have detained 38 individuals for allegedly lending money illegally, in a special operation to combat the menace of loan sharks.

State police chief Khaw Kok Chin said those arrested comprised 34 men and four women, aged between 21 and 72.

“Since the launch of a major crackdown on loan sharks on June 5 until yesterday, we have arrested 38 individuals around Penang and the neighbouring states.

“Those arrested are found to have been involved in several old cases for which investigation papers have been opened.

“With their arrests, we can bring them to court to face charges,” he told reporters after a working visit to the Timur Laut district police headquarters today.

Asked if those arrested had anything to do with the criminal threats made against him, Khaw said the matter was still being investigated.

Khaw said all 38 individuals detained were being investigated under section 5(2) of the Moneylenders Act 1951.

Police viewed the letter of criminal intimidation against the Penang police chief seriously and were tracking down the suspects involved.

According to Inspector-General of Police Acryl Sani Abdullah Sani, the threatening letter received by Khaw recently contained six pieces of hell money and demanded that the Penang police contingent stop aggressive actions against the syndicate of unlicensed moneylenders in the state.

The threatening letter and criminal threats were received on June 1 through Pos Malaysia. – Bernama, June 16, 2023.


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