MELAKA police have foiled an online loan scam syndicate that offered non-existent loans with interest rates of 2.88 per cent, arresting two women during a raid on Monday
State Police Chief Datuk Dzulkhairi Mukhtar said the operation, conducted by the state Commercial Crime Investigation Department (CCID), took place at a residence in Cheng Perdana around 1pm.
Two local women, aged 25 and 33, were arrested on suspicion of acting as customer service agents for the syndicate.
“Further investigations revealed the women were responsible for calling victims using contact lists provided by an unidentified individual. For their role, they were paid RM2,000 per month,” he said in a statement on Tuesday.
The scam involved victims being instructed to transfer RM200 into a mule account as a service fee once they agreed to a loan offer.
“The syndicate advertised loan offers via WhatsApp, Telegram and Facebook, promising amounts ranging from RM10,000 to RM60,000, with an interest rate of 2.88 per cent,” Dzulkhairi explained.
Victims only realised they had been duped when the promised funds were never deposited into their bank accounts.
“The public is urged to be more cautious of loan advertisements on social media and to verify phone numbers to avoid falling prey to such scams,” he added.
The case is being investigated under Section 420 of the Penal Code for cheating. - April 29, 2025