UNLESS you have enough personal savings, settling that huge debt or starting a new business would mean looking elsewhere for funds. But the countless news reports of loan sharks harassing victims for repayment would mean some might opt to go to licensed moneylenders instead.
However, there have been reports of the Companies Commission of Malaysia (CCM)'s logo being misused in several money-lending advertisements on social media. Is this true?
Verdict:
TRUE
The Companies Commission of Malaysia said that it has never permitted any party offering money-lending services to use its logo.
"Be informed that CCM has never permitted any party offering money lending services to use the commission's logo.
"Any party that uses the CCM logo without permission may be subject to action under Section 54 of the Trademark Act 2019,” it said in a Facebook post on Jan 26.
