23062009 News Bite: Ah Long advertisement on taxis?
The Home Ministry has “declared war” on Ah Long who charge extremely high interests and use violent methods to collect their debts.
Minister Datuk Seri Hishammuddin Tun Hussein said all departments under his ministry have been instructed to work together to tackle the loan sharks.
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“I met seven victims of loan sharks and was shocked when they narrated their experiences,” he said. One of the victims claimed he had borrowed RM3,000 from a loan shark but the amount ballooned to RM35,000, rendering him unable to pay the debt.
Syafique says: Great, the government is finally doing something about this issue. It really is very sad to see what these borrowers have to go through because they could not afford to pay these loan sharks.
By the way, any of you guys seen the loan advertisement on taxis? I was driving around Bangsar area and spotted a taxi that’s covered by a beautifully-designed advertisement offering loan services. The operator apparently is a registered loan operator (just like any Ah Long’s print advertisement pasted on road signs). At the back of taxi, there’s even a quick calculation on how much the loan should be paid back and the time frame. Should have saved the website and phone number for a personal investigation.
Is the advertiser an Ah Long?





