World · Malaysia Bureau
Police bust unlicensed lending operation in Teluk Intan, arrest two
Perak police have arrested two men in connection with illegal moneylending activities and seized multiple ATM cards and gold jewellery during an operation in Teluk Intan.
LSN Malaysia ·
IPOH — Two suspects were detained yesterday as part of Operation Vulture, a police crackdown on unlicensed moneylending activities in Perak. The arrests were made in Teluk Intan following an investigation into illegal lending operations in the district.
Police seized five ATM cards and gold jewellery from the suspects during the operation, the Perak police contingent confirmed. The items are being examined as part of the ongoing investigation into the unlicensed moneylending network.
The two men are expected to be charged under relevant provisions of the law governing illegal moneylending activities. The operation reflects continued police efforts to combat unlicensed financial activities that often target vulnerable borrowers in the state.
Police have urged the public to report any suspected unlicensed moneylending activities to the nearest police station or through official police hotlines. Individuals involved in such operations face potential prosecution and penalties under Malaysian law.