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M’sian Woman Borrows From Seven Loan Sharks For Boyfriend, Ends Up With RM600k Debt

Love gone wrong.
Trust can be a powerful thing, but for a Malaysian woman it became the source of her financial downfall.

Low, the 33-year-old victim who once believed in her boyfriend, now finds herself saddled with debts amounting to RM600,000.

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This massive debt accumulation includes loans from various sources from seven loan sharks.

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Sad woman
For illustration purposes only. Photo via Canva.

Low’s unfortunate journey began in 2017 when she met her then-boyfriend at an event.

Their relationship blossomed, only to crumble two years ago.

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At the end of 2018, her boyfriend encountered financial troubles and asked Low to take out a loan on his behalf, claiming he had been blacklisted by financial institutions.

“Because I trusted him too much, I just followed his wishes and took out a loan of about RM300,000 from Shah Alam,” Low revealed during a press conference at the MCA Kuala Lumpur office.

Datuk Seri Michael Chong, the Head of MCA Public Services and Complaints Department, was also present during this press conference.

According to Buletin TV3, woman recounted how that 34-year-old man not only forced her to manage his business affairs but also deal with customers when he couldn’t handle them.

Woman using phone
For illustration purposes only. Photo via Canva.

Her trust was further shattered when she discovered his infidelity through contact with other women, who were also his victims.

“They claimed my ex-boyfriend had defrauded them of large sums of money and asked me to pay it back,” she said.

Following these revelations, Low ended their relationship.

However, her troubles did not end there, as she is still burdened with the debt while her ex-boyfriend remains unreachable.

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Another similar case

In a related case, another woman, Mah, 33, who works as a clerk, admitted to losing RM100,000 after being deceived by the same man.

Mah had met him through a dating app in 2021 and described him as a smooth talker.

The man’s deceit extended beyond women; he is also believed to have scammed a friend out of RM181,400 in a face mask transaction during the COVID-19 pandemic.

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These stories show how misplaced trust can lead to serious problems and highlight the importance of being careful in both financial and personal relationships.

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