Loan sharks threaten family over son's debt
The debtor's father, who wanted to be known only as Xie, revealed that his 29-year-old son had borrowed money from more than 10 loan sharks earlier this month and disappeared three days ago after packing his belongings. His whereabouts remain unknown, China Press reported.
Xie said his son had borrowed from loan sharks as early as 2019. At that time, Xie used the family's savings and insurance funds to help settle debts amounting to RM20,000. However, six years later, his son has once again turned to illegal lenders.
"Since last month, loan sharks have been harassing us daily with phone calls and text messages.
"They even created a mock funeral photo using my son's image, spread our family photo online, and threatened to harm my two granddaughters," he said during a press conference organised by DAPSY Public Complaints Bureau chief Lee Wen Bin.
Unable to repay the mounting loans, the family has now publicly disowned the man and urged the loan sharks to stop harassing them.
Xie admitted the ordeal has left the entire family living in fear. He and his wife have endured sleepless nights, especially due to concerns over the safety of their granddaughters.
A police report was lodged yesterday (July 13) to assure the safety of the family members.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
5 hours ago
- The Star
Bursa Malaysia reprimands Zetrix AI, fines seven directors RM150,000 each
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Zetrix AI Bhd, formerly known as MyEG Services Bhd , and fined seven directors for breaching the Bursa Malaysia Securities Main Market listing requirements (LR). The stock exchange operator imposed a fine of RM150,000 on each director, including the company's group managing director, Wong Thean Soon; executive chairman Datuk Dr Norraesah Mohamad; and non-independent non-executive director, Datuk Mohd Jimmy Wong Abdullah. Also reprimanded and fined were independent non-executive directors Wong Kok Chau, Datuk Seri Mohd Mokhtar Mohd Shariff, Datuk Mohd Jeffrey Joakim and Mohaini Mohd Yusof. According to Bursa Malaysia Securities, the findings of breach and the imposition of penalties on the company and the directors were made pursuant to paragraph 16.19 of the Main Market LR upon completion of due process and after taking into consideration all facts and circumstances of the matter. These included the materiality of the breaches, the impact of the breaches on the company and shareholders/investors, and the roles, responsibilities, knowledge, involvement and conduct/action/inaction of the directors. "Bursa Malaysia Securities has also reminded the company and its board of directors of their responsibility to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public," it said in a statement. On July 7, 2023, Zetrix AI announced that the company received a notification letter dated July 4, 2023 from the Ministry of Home Affairs (MOHA) to confirm that the Ministry of Finance (MOF) had approved for the company to be appointed as the collection agent for the government revenue and to extend its role as the provider of online services for the Immigration Department of Malaysia. "However, the July 7 announcement was not factual, inaccurate, false and misleading as the contents of the July 4 letter were inconsistent with the company's representations in the July 7 announcement," said Bursa Malaysia Securities. - Bernama
Barnama
8 hours ago
- Barnama
Bursa Malaysia Reprimands Zetrix AI, Fines Seven Directors RM150,000 Each
BUSINESS KUALA LUMPUR, July 14 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded Zetrix AI Bhd, formerly known as MYEG Services Bhd, and fined seven directors for breaching the Bursa Malaysia Securities Main Market listing requirements (LR). The stock exchange operator imposed a fine of RM150,000 on each director, including the company's group managing director, Wong Thean Soon; executive chairman Datuk Dr Norraesah Mohamad; and non-independent non-executive director, Datuk Mohd Jimmy Wong Abdullah. Also reprimanded and fined were independent non-executive directors Wong Kok Chau, Datuk Seri Mohd Mokhtar Mohd Shariff, Datuk Mohd Jeffrey Joakim and Mohaini Mohd Yusof. According to Bursa Malaysia Securities, the findings of breach and the imposition of penalties on the company and the directors were made pursuant to paragraph 16.19 of the Main Market LR upon completion of due process and after taking into consideration all facts and circumstances of the matter. These included the materiality of the breaches, the impact of the breaches on the company and shareholders/investors, and the roles, responsibilities, knowledge, involvement and conduct/action/inaction of the directors. "Bursa Malaysia Securities has also reminded the company and its board of directors of their responsibility to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public," it said in a statement. On July 7, 2023, Zetrix AI announced that the company received a notification letter dated July 4, 2023 from the Ministry of Home Affairs (MOHA) to confirm that the Ministry of Finance (MOF) had approved for the company to be appointed as the collection agent for the government revenue and to extend its role as the provider of online services for the Immigration Department of Malaysia. "However, the July 7 announcement was not factual, inaccurate, false and misleading as the contents of the July 4 letter were inconsistent with the company's representations in the July 7 announcement," said Bursa Malaysia Securities. -- BERNAMA
New Straits Times
10 hours ago
- New Straits Times
Four injured in Bukit Sentosa bus crash; police cite brake failure
RAWANG: Three people, including a child, sustained minor injuries when a bus veered off the road and overturned in Jalan Tulip 3, Bukit Sentosa, today. Hulu Selangor police chief Superintendent Ibrahim Husin said the incident occurred about 11.30am. He said the 57-year-old driver was left unharmed, adding that there were only three passengers, aged 9, 17 and 38, at the time. "The bus, travelling from the Serendah KTM station to Bukit Sentosa, had just picked up the passengers at the Serendah government health clinic bus stop when the driver lost control at a bend," he said in a statement. Initial investigations suggest the bus experienced a brake failure before skidding and flipping onto its left side. All three passengers were taken to Selayang Hospital for treatment. The case is being investigated under Section 42(1) of the Road Transport Act 1987 for reckless and dangerous driving, which carries a penalty of up to five years in jail and a maximum fine of RM15,000, upon conviction. Police are urging members of the public with information on the incident to come forward and assist with the investigation.
