KUALA LUMPUR: Police will launch a major crackdown on loan shark syndicates soon as part of an effort to curb loan-related scams. In a Bernama report today, Inspector-General of Police Tan Sri Abdul Hamid Bador warned that those involved in such activities will be arrested and prosecuted. “Not long from now.. we will launch a major operation on 'Ah Long' (loan sharks) syndicates. The move came following numerous reports of aggresive methods applied by loan sharks to secure payment from loan defaulters. It was reported that some of them even pasted photographs of loan defaulters at residential areas in order to shame them.

Source: New Strait Times October 22, 2019 13:18 UTC