Is Licensed Moneylender Considered an ‘Ah Long’?

The recent case of loan sharks charging RM500 for every 30 minutes delay in repayment is not an exaggeration. This case happened to an insurance agent who borrowed RM3,000 and paid the full amount. But, the loan shark demanded RM1,500 as charges for his late payment. The loan shark also threatened the borrower that he …

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