Six loan sharks from ‘Gang 77’ nabbed by police

 |Aug 16, 2016

 

Six men from the secret society Gang 77 who had been actively involved in illegal money lending for the past seven years, were arrested in Ipoh, Perak yesterday.
Six men from the secret society Gang 77 who had been actively involved in illegal money lending for the past seven years, were arrested in Ipoh, Perak yesterday.

Six men from the secret society Gang 77 who had been actively involved in illegal money lending for the past seven years, were arrested in Ipoh, Perak yesterday.

Federal police Commercial Criminal Investigation Department (CID) director, Acryl Sani Abdullah said all the six ‘Ah Long’ (loan sharks), aged between 22 and 48, were detained by the CID’s Operations and Intelligence Division in Bukit Aman and Perak in the operation conducted from 11 am yesterday.

He said police also seized six motorcycles, four cars BMW, Mercedes-Benz, Perodua Myvi and Honda Civic) worth about RM500,000, besides 13 mobile phones, computer laptop and 61 bank ATM cards believed to belong to the debtors.

“Our investigation found that the borrowers comprise business operators and the suspects have been charging interest rates of seven to eight per cent on the loans,” he said in a statement, here, today.

The suspects are being remanded for 21 days from today to facilitate the investigation under the Prevention of Crime Act (POCA) for being involved in secret society activities.

Source: Bernama

 

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