WITH the costs of living and running businesses rising, people have had to borrow money to keep things afloat.
Recently, it was claimed that fake moneylenders have noticed this and are turning to social media to seek out potential victims. Is there any truth to this?In a recent statement, Perak police chief Comm Datuk Mohd Yusri Hassan Basri said a 51-year-old businesswoman lost RM213,700 after coming across an advertisement on Instagram for"Kelvin Loan Sales Consultant ".
"The victim had asked the victim to carry out several financial transactions as processing fees for the loan,” said Comm Mohd Yusri. "The victim had also come across another advertisement on Instagram for Syarikat Desmond Lai Pentagon Credit and applied for a RM60,000 loan," he said.
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