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KUALA LUMPUR, July 26 They may be registered with the Ministry of Local Government Development and regulated by the Moneylenders Act 1951 (Act 400) but the modus operandi of.
KUALA LUMPUR: They may be registered with the Local Government Development Ministry and regulated by the Moneylenders Act 1951 (Act 400) but certain licensed moneylending companies appear to operate like loansharks or "ah long" by charging high interest rates.
KUALA LUMPUR (July 26): They may be registered with the Ministry of Local Government Development and regulated by the Moneylenders Act 1951 (Act 400) but the modus operandi of certain licensed moneylending companies is no different from that of loan sharks or Ah Longs that charge ridiculously high i