From paint to petrol bombs: Malaysian loan sharks get more brazen

Victims of violent acts and threats by loan sharks have been urged to come forward under a nationwide initiative led by the Malaysian Chinese Association’s Public Services and Complaints Department.

MCA chief Michael Chong said the party’s youth and women’s wings have also been roped in to collect data and provide aid to loan shark victims.

“Throwing paint at homes is now considered lenient, as we are seeing loan sharks throwing petrol bombs. They are getting rampant with no regard for the law at all,” Chong told reporters at Wisma MCA in Kuala Lumpur on Monday.

“Even the cost of these violent acts, including making the bombs, is charged to the borrowers’ account to further increase their debts,” he said.