Victims of loan sharks to be blamed for taking illegal loans

jazlan

KUALA LUMPUR: People who borrow money from loan sharks (along) are to be blamed for the widespread related problems, says Deputy Home Minister Nur Jazlan Mohamed.

He said borrowers found it easier to borrow money from illegal moneylenders as there were no limits to the amount they could get.

”They take loans to fund gambling and negative social activities. Those who borrow money should know how to differentiate between the legal and illegal moneylenders.

”The borrowers mostly opt for loan sharks because it is easier to obtain loans from them.

“There are no limits to the amount one can get from illegal moneylenders, but in the case of banks, the government has fixed the (legal) limit based on one’s income,” the deputy minister said.

“There is also no need to provide your address and copies of your licence when you take a loan from an illegal moneylender,” he told the House today in response to a question by V Sivakumar (DAP-Batu Gajah).

Sivakumar had asked Putrajaya to state the measures it had taken in curbing the ‘along’ menace as well as the number of loan sharks arrested and charged in court from 2011 to 2015.

According to Nur Jazlan, 51 loan sharks were arrested in 2011 and 25 were charged in court. In 2012, 206 illegal moneylenders were arrested and 95 were charged in court.

In 2013, 199 illegal moneylenders were arrested and 54 were charged in court while in 2014, 98 were arrested and 90 were charged. Last year, 351 were arrested and 44 were charged.