World

Malaysia cracks down on loan sharks, financial scammers

Malaysian police have arrested thousands of loan sharks and cracked down on financial scammers since 2010, said an official.
Malaysia cracks down on loan sharks, financial scammers ảnh 1Illustrative image (Photo: Internet) 
Kuala Lumpur (VNA) – Malaysian police have arrested thousands of loan sharks and crackeddown on financial scammers since 2010, said an official.

Director ofthe Commercial Crimes Investigation Department Mohd Zakaria Ahmad said onNovember 14 that over 5,600 cases involving more than 1,100 people and loansworth over 34 million USD have been discovered.

According tohim, such crime is increasing in Malaysia with 849 being arrested in the first10 months of this year, compared to 465 last year.

Statisticsshowed that financial scams caused a loss of 8.38 million USD last year.However, the figure spiked to 13.6 million USD with over 4,200 cases duringJanuary – October.

As many as20 scam gangs have so far been smashed this year./.


VNA
#Malaysian police #Vietnamplus #Vietnam News Agency #financial scams #loan sharks #Commercial Crimes Investigation Department Malaysia
Follow VietnamPlus

Related News

Efforts made to reduce ‘black credit’

Efforts made to reduce ‘black credit’

The banking sector has defined its responsibility in deploying measures to enable people to get access to official credit for business and production activities.

See more

Deputy Minister of Trade Dyah Roro Esti Widya Putri (R) speaks in a meeting on the ASEAN Trade in Goods Agreement (ATIGA) Upgrade in Jakarta on May 9. (Photo: VNA).

Indonesia committed to promoting ATIGA Upgrade

The upgrade seeks to modernise the the ASEAN Trade in Goods Agreement (ATIGA) framework, making it more facilitative for businesses and responsive to regional and global challenges.

Thai students and other passengers, many wearing face masks, ride a boat along the Chao Phraya River. (Photo: Bangkok Post)

Thailand: Covid resurgence ‘no cause for alarm’

From January 1 to May 10, up to 53,676 COVID-19 cases and 16 deaths have been reported in Thailand. Bangkok recorded the most infections with 16,723 cases, peaking during the week of April 27 to May 3 at 14,349 cases, including two deaths.

Indonesia's Minister of Communication and Digital Affairs Meutya Hafid during a meeting with the head of Asia-Pacific of GSMA, Julian Gorman, in Jakarta on May 8. (Photo: Antara)

Indonesia accelerates development of 5G ecosystem

Indonesian Minister of Communication and Digital Affairs Meutya Hafid has reaffirmed the government’s strong commitment to building and strengthening the 5G infrastructure and technological ecosystem both nationwide and across the Asia-Pacific region.

Senior citizens in Paltok Elementary School in Quezon City cast their votes, with the help of their relatives on May 12. (Photo: tribune.net.ph)

Philippines holds midterm elections

About 163,000 police officers have been deployed nationwide to ensure security at polling stations, in coordination with the military, fire brigades and other support units. In addition, the government has extended the early voting period for the elderly and people with disabilities, starting at 5 am on May 12.

Thailand aims to reduce workplace accidents

Thailand aims to reduce workplace accidents

The "Safety Thailand" vision is to cut severe work-related injuries from 2.13 persons at present to no more than one per 1,000 workers, and fatalities from 5.3 to a maximum of three per 100,000 workers by 2030.

Thailand marks progress in cross-border cyber fraud crackdown

Thailand marks progress in cross-border cyber fraud crackdown

The "3 Cuts" strategy, including cutting electricity, fuel, and internet access to five locations along the Thailand - Myanmar borders where many scam centres are located, led to a significant reduction in call centre activities along key border areas.