DEBT COLLECTION - MALAYSIAN STYLE

This situation would sound all too familiar to most of us as we would have at one time or another assisted a friend who was in great financial need. For the fortunate few, the interest free loan was repaid in a timely manner but for the unfortunate majority, getting back what was borrowed had proven to be a trying time for even the best friendship.
Apart from our usual grite the teeth request of “please return my money as I need it urgently”, Malaysians now have two choices to model their collection methods –
Either on this "one on one" personalised door collection service which is a step forward and two steps backwards, monetary wise -

The personalised way to collect money owned
Link : Thestar
He claimed he only wanted to collect what he was owed, but his impatience resulted in him being jailed and fined. Desperate to reclaim his money, K. Ganes Raja took a parang to his debtor’s house and started hacking down the front door. The 45-year-old lorry driver pleaded guilty in a magistrate’s court here yesterday to criminal intimidation and was sentenced to a day’s jail and fined RM2,500 under Section 506 of the Penal Code.

Or by using the sure money back guarantee way to have your debts repaid in full, either cash or in kind - our fully funded tax payer’s "Mafioso Debt Collectors" complete with legalised firepower courtesy of the PDRM.

A district council way to collect money owed
Link : Thestar
Enforcement officers from the Majung District Council carted away a television set worth RM1,800 after the owner of a low-cost house failed to settle RM529.48 in assessment arrears, Tamil Kural reported. It said the officers accompanied by the police went to the house last June and asked Leela Thinakaran to settle the money. But the woman said her husband was outstation and promised to settle the arrears in three payments. They ignored her pleas and took away the television set.

Whilst on the subject on loans, a RM40 million cash advance for "the great restoration" was given by the Works Ministry to rectify the MRR2 in Kepong. At a 6.5%, interest rate this would be a RM200,000 monthly loss to Joe Public. Once again, ole' Samy has sent out a clear message - it is okay to screw Joe Public up big time. Incidentally, there is no mention of a repayment schedule on the RM40 million but collection of this cash advance should not be any problem - just send in the same UMNO youths that stormed the Apect2 conference with the back up of the FRU's.

Any way to collect money owed?
Link : Thestar
Repair works being carried out on the Middle Ring Road 2 (MRR2) in Kepong were scheduled for completion by June 30, Works Minister Datuk Seri S. Samy Vellu said. German consulting firm Leonhardt Andra and Partners would begin repairs over the next few days, he said. Samy Vellu said the steel frames would be mounted on all 31 pillars. He said the Government would provide an advance of RM40mil to pay the German consultants and would claim it from the contractors: Konsortium Bumi Hiway Sdn Bhd, Sukmim and Persatuan Kontraktor Melayu Wilayah Persekutuan.