KUANTAN: A 40-year-old illegal moneylender was arrested and his equipment seized from a house in Air Putih here.
A police team led by ASP U. Madhavan Nair raided the two-storey link house at about 11.20pm on Thursday following a tip-off.
Among the items confiscated were business cards, two books believed to contain the names of borrowers and the loan amount, bank account statements and payment vouchers.
Police were trying to find out whether the suspect was linked with any syndicate as illegal moneylenders are usually associated with bigger organisations, said state commercial crime chief Supt Zaini Jass.
The suspect is being investigated and may be fined between RM20,000 and RM100,000, or jailed up to five years, or both, if convicted.
Supt Zaini added this was the fifth raid carried out this year.
He said there had been a reduction in reports on illegal loans following the measures taken by the police and Government, including tearing down banners and advertisements put up by illegal moneylenders.
The public was advised against taking loans from ‘Ah Long’ as it would bring about adverse consequences, to them and their families.
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