Reforms and oversight on co-operative loans are long overdue
We refer to the Malaysia Co-operative Societies Commission’s (SKM) statement on 10 June 2019 that it will investigate allegations of certain co-operatives being involved in a syndicated loan scam, and in falsifying payslips for civil servants and employees of government-linked companies. The loan scam, which allegedly involves the Malaysian National Co-operative Movement (ANGKASA) and...
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