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Thursday, 23 April 2015

Man borrows from 23 Ah Longs to fund pasar malam business - Malaysia

Posted: Wednesday April 22, 2015 MYT 6:24:00 PM 
BY YEE XIANG YUN
The complainant, Ahmad, with a copy of the police report.
JOHOR BARU: A senior operation executive is in trouble with 23 Ah Longs, or illegal moneylenders, after he borrowed money to fund his side business of selling clothes and towels at a pasar malam (night market) here.
The 40-year-old man, who only wanted to be known as Ahmad, said he borrowed RM2,000 from an Ah Long in August last year as he needed the cash to pay off his suppliers as his business was not going well.
When he could not repay the Ah Long, his debt snowballed and he ended up borrowing from another 22 different groups of Ah Longs to pay off his debt.
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"One thing led to another, I ended up owing them an accumulated sum of RM30,000 which I cannot afford to pay off now that my business had gone to the dumps," he said in a press conference here organised by Johor MCA's Michael Tay Chee Boon on Wednesday.
A police report was lodged by Ahmad Tuesday.
Source: The Star Online - Malaysia
http://www.thestar.com.my/News/Nation/2015/04/22/man-borrow-23-Ah-Longs/

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