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Netizens call on authorities to combat illegal repossessed vehicle sales

KUALA LUMPUR: Netizens are urging the relevant authorities to ramp up efforts to combat illicit repossessed vehicle sales and clean up the repossession industry once and for all.

Commenting on the recent brazen "attack' by syndicate members on a repossessor agent for repossessing a defaulted car, Murallee Thangavelu said the police need to take action.

"Something serious has to be done by the police force, if not, just don't know where our country is going to end up," he wrote.

The NST Focus had in the past few days run a series of exposés on the emergence of syndicates masterminded by repossession agents who are selling repossessed vehicles at a lower price.

These syndicates, which created an illegal market out of selling these vehicles would also offer new owners, 'protection stickers' that would serve as a warning to honest repossessors to dissuade them from recovering these vehicles for banks.

The stickers are sold between RM100 and RM2,000.

Another netizen, Gary LFW also shared the experience of an acquaintance who fell victim to such a racket.

"Ten years ago, I knew someone who was a victim, for example, the buyer of the stolen or repossessed car.

"(The person) used his savings to buy an expensive car for a cheaper price but later it was confiscated by police because it was a stolen car. Sad," he said.

Netizen, Zafril Adam also questioned the authorities' response on the issue, which he believed had been going on for a while.

"So what are the authorities doing about it? I am sure this has been going on for ages.

"So, I am sure they are aware of it," he said.

Besides the police, many comments called for other relevant authorities to play their part in curbing the matter.

"To think that this has been ongoing for so long with no enforcement from the transport ministry or bank or police," said Joshua Tan in disbelief.

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