KUCHING: A distressing case involving financial fraud and loan entanglements has surfaced, highlighting the importance of vigilance when dealing with financial matters.
Michael Kong Feng Nian, Special Assistant to Stampin MP Chong Chieng Jen assisted a woman, Mdm Jong, who lost nearly RM240,000 in a scam last year. Out of fear and shame, she kept the incident from her family and turned to moneylenders in a bid to recover her financial losses.
The situation worsened over time, but with the support of her husband who eventually found out, they managed to repay most of the debts, except for one.
In December 2024, Mdm Jong told Kong that she borrowed RM18,000 from a moneylender under a four-year repayment plan.
Although she paid the January and February 2025 instalments, she later decided to settle the debt in full.
However, the moneylender rejected the offer, insisting that she was bound to repay RM48,000 as stipulated in the agreement, either in full or over the four-year period.
Following intervention by Kong and discussions with the lender, a resolution was reached.
The moneylender agreed to terminate the loan contract, provided Mdm Jong paid the original RM18,000 plus some administrative fees.
“This incident is a reminder of the dangers of scams and the pitfalls of borrowing from moneylenders. I strongly advise the public not to suffer in silence or allow fear and embarrassment to cloud their judgment. Seek support from family, friends, or legal channels rather than resorting to high-risk loans,” said Kong.
He stressed the need for the public to remain cautious and well-informed when it comes to financial offers or unfamiliar lending schemes.
“Act early, verify all financial arrangements carefully, and never hesitate to reach out for help,” he added.
By Connie Chieng