Loan Sharks Prey On Businesses
Datuk Nadzim Johan, Chief Activist, Malaysian Muslim Consumers' Association | Khaw Veon Szu, Lawyer | Linnet Lee, CEO, Financial Planning Association of Malaysia (FPAM)
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Covid-stricken businesses have led owners to deal with loan sharks for assistance as their debts pile up, ultimately running out of capital. First, we find out more about this issue and how prevalent it is. Then, we talk about the laws that govern moneylending and what else we need. Finally, we get advice for how to handle and manage debt and loans.
Image Source: Zai Di, Shutterstock
Produced by: Tasha Fusil, Loo Juosie, Alia Zefri
Presented by: Lee Chwi Lynn
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