Minister Ewon Benedick confirmed receiving complaints against Koperasi Wawasan Malaysia Bhd (Kowamas) and said further action would be taken.

“I have received the complaints and an investigation is under way,” he told reporters at the launch of the “Jom Jelajah Koperasi” here today.

Meanwhile, Malaysia Co-operative Societies Commission (SKM) chairman Ahmad Norihan Jalal said the commission had been in touch with Kowamas to identify the cause of the issue, and that it had been cooperating well.

“SKM is also investigating the claims and we will take further action accordingly.”

Kowamas, which provided loans of up to RM200,000 to civil servants, came under fire by a group of over 20 borrowers who claimed they were blacklisted by banks despite having settled their debts.

They told FMT that they were now unable to obtain loans to buy houses or get access to medical treatment. The case is being heard today at the Co-operative Tribunal.