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Many Direct Selling In Malaysia Are Scam


KUALA LUMPUR: Do not fall prey to a direct-selling company that claims its members will be eligible for Finance Ministry loans. The ministry is not collaborating with any organisation to offer loans, said Deputy Finance Minister Datuk Dr Ng Yen Yen.

She said the ministry’s loan system was open to all and not limited to those who joined certain organisations. Those who want to secure loans should apply directly to the ministry.

“I have been just informed about a scam in Negri Sembilan where a direct selling company has been using the supposed loan eligibility as bait to get more members,” she told reporters after attending the MCA Cupid Space “Click@Party” on Sunday.

Dr Ng said the company had told potential members that they could obtain up to RM50,000 in business loans if they joined as members.

“They have to pay RM300 to join as members and also purchase goods like health products before they can apply for the loans.”

HOPING TO CLICK: Dr Ng (second from right) and Wanita MCA Cupid Space national chairman Julia Wong (right) handing out gifts at the MCA Cupid Space ‘Click@Party’ on Sunday.
She said some of those who

had joined the company had contacted the Negri Sembilan MCA office.

Dr Ng added that some MCA members had also joined the company to get more details on the operations and would be submitting whatever information they had on the company.

She believed that the scam was one of the ways used by unscrupulous parties to make money since the Government started to come down hard on illegal moneylenders, known here as Ah Long.

Dr Ng said people must be wary of any group claiming it can help secure government loans.

She also urged those who had already registered as members to contact the Negri Sembilan MCA.

Posted by UzAiRuBiAh WeB 4:40 PM  

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