KUALA LUMPUR: Two men believed to be involved in illegal money lending activities have been arrested.

       City Commercial Crime Investigation Department chief Asst Comm Mohd Mahidisham Ishak said the two men, aged 28 and 36 years old, were arrested by Dang Wangi CCID personnel at around 10.19pm on May 29.

       "The two suspects were arrested following raids at a bank along Jalan Medan Tunku and a condominium along Jalan Munshi Abdullah here.

       "We seized 40 bank cards, five mobile phones, one central processing unit and monitor, 11 bank account statements, one calculator, one notebook, an access card, two routers and a set of keys," he said in a statement on Monday (May 30).

       He added that police also seized RM3,000 cash.

       Investigations revealed the suspects were agents who held on to ATM cards of the debtors and made monthly withdrawals.

       "The debtor would give them their ATM card when they took a loan and would make monthly payments to the syndicate which would be withdrawn through those ATM cards until the loan was settled.

       "The two men have been remanded until June 2 to assist investigations under Section 5(2) of the Money Lenders Act 1951 for conducting unlicensed money lending activities," he said.

       ACP Mohd Mahidisham urged the public to only use licensed money lending services.

       "Do not hand over your ATM card or banking details to a third party.

       "We also warn the public against working with these illegal money lending syndicates as it was a crime under Section 29 AA of the Money Lenders Act 1951," he said.

       He urged those with information on similar activities to contact the City police hotline at 03-2115 9999 or go to the nearest police station.