

Friday June 26, 2009
BUTTERWORTH: A money-lending company in Seberang Jaya has allegedly disconnected electricity supply to a family’s home in Lunas, Kedah, because they could not settle their loan on time.
To make matters worse, a family member — who took a loan of RM2,000 two years ago — ended up paying over RM10,000 because of the interest imposed by the money-lending firm. Unable to cope with the pressure and rough tactics employed by the firm, the father, Mohd Nasib Mohd Hashi, 52, sought the help of Seberang Jaya assemblyman Datuk Arif Shah Omar Shah yesterday.
According to Mohd Nasib, his wife, identified only as Kak Nah, took the loan and settled the sum in monthly instalments.
However, they were informed by the firm that they still had an outstanding sum of RM2,700 despite settling over RM10,000.
When they could not pay, the firm disconnected the family’s electricity supply, Mohd Nasib claimed.
‘‘We are now left without a single sen for this month,’’ he told a press conference.
Mohd Nasib said his wife took a loan from the company after running into financial difficulties in 2007.
‘‘I was with her when we signed an agreement with the company. However, we did not read the fine print on the agreement. The company also took her ATM card and they have been withdrawing RM360 each month.
“They told us that we still owe them RM2,700 after making deductions for the last 30 months. We are now helpless,” he said.
Mohd Nasib, who is unemployed, has four children aged between three and 16 and is dependent on his wife as the breadwinner.
Arif said he would help the family settle the outstanding balance on the loan on compassionate grounds.
‘‘I will meet the company on Monday with a lawyer to find out the exact balance the couple still owe them, and the details of their loan agreement and interest rate,’’ he said.