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Consumer group urges BNM, KPDN to overhaul repossession laws amid unethical conduct claims
Consumer group urges BNM, KPDN to overhaul repossession laws amid unethical conduct claims

Sinar Daily

time04-07-2025

  • Sinar Daily

Consumer group urges BNM, KPDN to overhaul repossession laws amid unethical conduct claims

PPIM demands probe into banks over alleged unethical car repossessions Nadzim (left) shows a clip of car repossession agents allegedly entering a gated residential area without proper authorisation. SHAH ALAM – The Malaysian Muslim Consumers Association (PPIM) has called on Bank Negara Malaysia (BNM) and the Domestic Trade and Cost of Living Ministry (KPDN) to review and revise current laws and policies surrounding vehicle repossession, citing growing concerns over unethical conduct. Its chief activist, Datuk Nadzim Johan referred to a recent incident involving a group of car repossession agents. Nadzim (left) stated that the agents failed to provide official identification or original documents, offering only photocopies as proof of authority. They allegedly entered a gated residential area without proper authorisation, claiming a court order to tow a vehicle. He recounted that the agents failed to provide any official identification or original documents, showing only photocopies as proof of authority. "When I confronted them, I asked for their ID or pass. They claimed they had a court order, but what they showed was just a photocopy. We need the original document. "They said they could repossess the vehicle anytime, even in the middle of the night. What kind of law allows that?" he told Sinar Daily. According to Nadzim, the situation occurred on Saturday, when courts and government offices were closed, leaving the car owner unable to verify the legitimacy of the repossession. Despite this, the agents allegedly pushed forward with their actions. While they initially agreed to return the following Monday, Nadzim said the agents arrived early in the morning and entered the premises without waiting for any verification process. "They were trying to repossess a Nissan and the outstanding amount was only RM12,000. Yet, they showed up with 20 people, like they were going to war," he said. He further claimed the person targeted wasn't the owner of the vehicle but a guarantor who was unable to continue payments due to undergoing cancer treatment. "Even if the car is auctioned later, the guarantor won't get anything back, even though the car is worth RM50,000 to RM60,000," he added. Nadzim stressed the need for KPDN and Bank Negara to implement a more stringent and compassionate framework for handling such cases. "We want to know who processes these repossessions? On what days can it be done? Who approves it? There must be a thorough review. Don't push the public to the point where something unfortunate happens," he said. He also criticised some agents for acting like gangsters and trespassing onto private property, alleging that banks gave them unchecked power with little to no oversight. He said such practices must be stopped immediately. PPIM plans to meet with KPDN soon and urged BNM to launch investigations into any banking institutions found to be involved in illegal or unethical car repossession activities.

PPIM says no more ties with Ikhlas, unaware group was deregistered in 2022
PPIM says no more ties with Ikhlas, unaware group was deregistered in 2022

Malay Mail

time23-06-2025

  • Business
  • Malay Mail

PPIM says no more ties with Ikhlas, unaware group was deregistered in 2022

KUALA LUMPUR, June 22 — The Malaysian Muslim Consumers Association (PPIM) has said it will no longer work with the deregistered Ikatan Usahawan Kecil dan Sederhana Malaysia (Ikhlas), citing concerns over credibility. According to a report in news portal Scoop, PPIM chief activist Datuk Nadzim Johan said the group was unaware of Ikhlas' deregistration when they jointly submitted a memorandum to the Home Ministry recently, and stressed it was their first and only collaboration. 'We don't want to be seen as collaborating with an illegal NGO. Besides, there are plenty of other NGOs in the country we can work with,' Nadzim was quoted as saying. Last Friday, the Registrar of Societies (RoS) had reportedly confirmed that Ikhlas was deregistered in 2022 for failing to submit its annual financial statements, as required under the Societies Act 1966. Ikhlas president Datuk Mohd Ridzuan Abdullah had reportedly cited Covid-19-related disruptions as the reason the group was unable to hold meetings and complete its reporting obligations. Nadzim said PPIM would be more cautious moving forward and emphasised that its collaboration with Ikhlas had not involved any financial transactions or fundraising.

Consumer body cuts ties with deregistered Ikhlas
Consumer body cuts ties with deregistered Ikhlas

Free Malaysia Today

time22-06-2025

  • Business
  • Free Malaysia Today

Consumer body cuts ties with deregistered Ikhlas

Nadzim Johan, chief activist of PPIM, said the association did not want to work with illegal NGOs. PETALING JAYA : A consumer body has said it would no longer work with Ikhlas, a society for small-time entrepreneurs, after learning it had been deregistered three years ago. The Malaysian Muslim Consumers Association (PPIM) said it had no idea that Ikhlas had been deregistered when jointly presenting a memorandum to the home ministry recently, according to the Scoop website. 'We do not want the public to question our credibility for joining forces with an NGO that has been deregistered,' PPIM chief activist Nadzim Johan was quoted as saying. 'Nor do we want to work with illegal NGOs. There are other NGOs whom we could work with.' On Friday, the Registrar of Societies confirmed that Ikhlas was deregistered in November 2022 for failing to submit annual financial statements. The society, which had listed former prime minister Dr Mahathir Mohamad as its patron, was led by Ridzuan Abdullah, who is also on the secretariat of Gabungan Ikhlas Malaysia, a group which issued statements in early January on the addendum linked to Najib Razak. Ridzuan recently claimed that the NGO did not receive any notice about its deregistration, and also stated that the Covid-19 pandemic made it difficult for Ikhlas to hold meetings and submit its financial statements. Two years ago, it was reported that Ridzuan had been charged with 12 counts of filing fraudulent claims totalling RM378,000 to the Social Security Organisation to obtain incentives from the Penjana Kerjaya 2.0 Programme.

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