The Malaysian Chinese Association's Public Services and Complaints Department is launching a nationwide initiative to help victims of loan shark violence and threats. MCA chief Michael Chong highlighted the escalating severity of loan shark tactics, including petrol bomb attacks, and urged victims to report incidents.
Scottish Women's Aid reveals coerced debt as a widespread economic abuse tactic in Scotland, forcing women to turn to loan sharks, with calls for systemic change and debt relief schemes.
When a 52-year-old Indonesian woman approached her saying she was broke and needed a place to stay, Lim felt sorry for her. Out of sympathy, the 29-year-old Malaysian rented out her flat in Ampang, Kuala Lumpur, to the Indonesian without signing any formal tenancy agreement in March last year. Now, she is full of regret. Lim said the tenant had used the flat address to secure loans and loan sharks are now harassing the house owner. “The loan sharks threatened to burn down the house and splash...
