MUAR: Police arrested six foreigners suspected of alleged loan shark activities and moneylending operations, yesterday.
Also seized were RM176,250, some 187 ATM bank cards, seven mobile phones and five cross-body bags, believed were used in the illicit operations.
District police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said the men aged between 26 and 40, were mostly Bangladeshis and believed to have targeted foreigners working in the district.
He said their modus operandi was to offer illegal loans and hold the borrowers' ATM cards until the loans with high interest rates were settled in full.
The suspects were detained under Section 5(2) of the Moneylenders Act 1951 for illegal moneylending activities, and may face fines up to RM1 million, and a five-year maximum jail tern upon conviction.