Skip to content
24/7NewsPaper
Back to feed
New Straits Timesnst.com.my

World Cup 'peak season' for loan sharks as gambling losses drive borrowing spike (opens original article in a new tab)

TL;DR

The FIFA World Cup has led to a rise in illegal moneylending as loan sharks exploit gambling losses to trap people in debt.

  • FIFA World Cup causes surge in illegal moneylending
  • Loan sharks target gambling losers with debt traps
  • Kuala Lumpur reports increased moneylending activity

Conversation

No comments yet

Threaded discussion is coming next — this is where the community conversation about this story will live.