Loan sharks are known for their ferocious and merciless tactics whenever they want to seek repayment from clients, where they would stop at nothing to make sure the debts are repaid.
A 29-year-old Malaysian who’s currently working in Singapore faced the full wrath of loan sharks after he mistakenly clicked on a loan application link and has had his house burnt not once, but twice as well.
M’sian man has house burnt by loan sharks after clicking loan application link
Oriental Daily reported that the man’s troubles began back in May, where his curiosity led him to click on a loan application link.
Speaking to reporters at a press conference, his wife, Ms Zhang (transliteration), said he intended to borrow S$10,000 (approx. RM34,000). But after he scoured through the terms and conditions, he decided to abandon it as he found it fishy.
Unfortunately, his personal details fell into the hands of the other party and he began receiving calls from a loan shark who told him to pay a handling fee of S$2,000 (approx. RM6,800) if he wanted to cancel the application or face the consequences.
“They told us that it could be paid in instalments, so my husband paid S$200 into their bank account. However, they later told us that they never got the money so my husband refused to pay them anymore,” she said.
Ms Zhang added the loan sharks continued to harass her husband and even threatened to kidnap their two children.
Things eventually came to a boiling point on Sept 11 and 15, where an unidentified man poured gasoline in front of their house and set it on fire. Luckily, no injuries were reported.
Left her job & took children out of kindergarten
On Sept 17, Ms Zhang said she was contacted by a loan shark demanding that she pay S$3,000 (approx. RM10,300) in “fees” for sending someone to burn the house.
She added that aside from her, her mother, husband, sister, and mother-in-law were embroiled in the matter too.
“I’ve resigned from my job and took my kids out from kindergarten as I fear for my safety. I’ve also lodged three police reports about the harassment and I hope the loan sharks will leave us alone.
“My husband has also left his baking job and will return to Malaysia to settle this issue,” she said.
Watch the press conference here: