fbpx
Connect with us

Social Stories

M’sian Who Owes RM27 Million to Loan Sharks Applies For Refugee Status in New Zealand, Gets Rejected

Published

Feat Image Loan Shark Refugee
Source: Men's Health & NewstalkZB

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

A Malaysian man who fled overseas may have no choice but to return to our country as his application for a refugee and protected person status in New Zealand was rejected.

The man, fearing for his life fled to New Zealand with his family in April 2014 after being in a debt of approximately RM27 million with 14 loan sharks and “powerful people” who were investors in his company.

Loan Sharks 1

For illustration purposes

As reported by Stuff, the man lived a lavish lifestyle while in Malaysia. In 2003, he started a money lending business which takes money from investors and lends it out at a high-interest rate.

However, when his business became rocky in 2008, the Malaysian decided to borrow money from loan sharks and other lenders.

Mother Sells Twin Babies For Rm26,500 To Buy A New Phone And Pay Off Card Debts - World Of Buzz 2

Source: forbes

He continued to do so until 2014 to fund his business and extravagant lifestyle, to the point of taking out new loans to pay off old ones.

In early 2014, after not keeping tabs on the debts that he’s been accruing, he realised that he owed RM27 million to a string of lenders and investors which was too much to repay.

25034658 L

For illustration purposes

In March 2014, a number of investors in his lending company gave the man a deadline of the following Monday to pay back all their money which amounted to RM9 million.

Not having money and could not borrow any more, the man then fled to New Zealand with his family. His home and business premises were subsequently seized by creditors days after he left.

Airplane Sky

For illustration purposes

A year later, the man discovered that he had a “blacklisted” status from the Malaysian Immigration Department. 4 years later, he tried to renew his passport but was unable to do so.

In 2020, the man applied for refugee and protected status in New Zealand, claiming that if he returned to Malaysia, he would be arrested on arrival and charged with criminal offences relating to the collapse of his money-lending business.

029Fa4Cb 887F 43E0 Aa7D 2574Eac5Cace

For illustration purposes

He also claimed that he would not get a fair trial because of his investors’ influence and that his life would be under threat by the loan sharks that he owed money.

After hearing the application, the New Zealand Immigration and Protection Tribunal found the man’s statements credible but did not find any evidence that his life was under threat.

Hence, his appeal was rejected and without a valid passport, the man has no choice but to return to Malaysia and face the music.

 

Also read: Loan Shark Meets His Match After Confronted For Requesting RM12K From Victim of RM1,500 Loan

3 006

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 16 1 Collage 16 1
News9 hours ago

MCMC Investigates IPTA Student with 100k Followers on ‘X’ For Selling Self-Made Explicit Content for RM150

The Malaysian Communications and Multimedia Commission (MCMC) is looking into a case involving a public university student (IPT) who’s believed...

Collage 67 Collage 67
News9 hours ago

Agong Reminds Fresh Grads Not to Be Picky When Job Hunting or Foreigners Will Fill All Job Positions

Job hunting can be tough but the King has a reminder for all fresh graduates out there. Don’t be picky...

My Post 1 2024 11 14T164042.328 1 My Post 1 2024 11 14T164042.328 1
News10 hours ago

Driver of Overturned Container that Killed a 21yo Woman Casually Shows ‘Peace’ Sign to Reporters

Yesterday, it was reported that a 21-year-old woman had died after a container overturned and crushed her vehicle before crashing...

Collage 14 2 Collage 14 2
News10 hours ago

Car Allegedly Involved in a Hit & Run in Perak Rams Into Motorcyclists Trying to Chase Him Down

Recent CCTV footage that’s been spreading online shows a white sedan ramming into 2 men on a motorcycle in an...

Collage 13 2 Collage 13 2
News14 hours ago

14yo M’sian Student Falls from Pedestrian Walkway Roof After Using Vape Device Found in Desk

In recent news, a male student from a secondary school in Kangar suffered injuries after falling off the roof of...

Collage 63 Collage 63
News16 hours ago

Landslide Occurs at Jalan Tapah – Cameron Highlands, Triggers Rapid Water Flow Downhill

While residents in Klang Valley deal with flash floods, those en route to Cameron Highlands yesterday (November 13) couldn’t proceed...

Feat Image Killing Feat Image Killing
News1 day ago

The Inconsistent Law Allowing Local Councils in M’sia to Kill Stray Dogs by Shooting Them With Firearms

The killing of a stray dog, affectionately known as ‘Kopi’, in Besut, Terengganu, sparked outrage nationwide last month as the...

Collage 12 2 Collage 12 2
News1 day ago

64yo Woman Turns Her Home into a Literal Prison With Iron Bars to Keep Drug-Addicted Son at Home

A 64-year-old woman from Thailand has come up with desperate measures in an attempt to help her 42-year-old son overcome...

Announcement

Latest Videos



TRENDING TODAY