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Malaysians detained over illegal loans

Pav Suy / Khmer Times Share:
Police question the suspects. Fresh News

Kampot provincial police on Wednesday detained four Malaysian nationals and a Cambodian over their involvement in offering illegal loans to people that staked their family books and national IDs as collateral.


Provincial police chief Mao Chan Makthurith said the suspects were detained at about 5pm on Wednesday in Kampot city.

Mr Chan Makthurith identified the suspects as Ong Chun Ming, Tong Kok Hoe, Chin Ching Ann and Oo Boon Chew, all Malaysian nationals, and their Cambodian translator Ky Panhatean.

He said that their activities in offering illegal loans led to their arrest.

“The suspects lent money to people without registering as a proper company,” he said. “It’s illegal to lend money in and take people’s ID cards as collateral.”

Mr Chan Makthurith said that the foreign nationals, along with their translator, lent money with high interest rates to about 60 people since April.

Mr Chan Makthurith noted that the suspects are now being detained at the provincial police station while a case is being prepared for the provincial court.

“I am preparing documents now and I will send them on Friday,” he said. “The four Malaysians will face the court, while their Cambodian translator will serve as a witness.”

Mr Chan Makthurith noted that their victims took out $500 loans on average, while paying about $13 in interest per day.

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