Some pawnshops taking advantage of consumers: Fomca

KUALA LUMPUR (May 14): The Federation of Malaysian Consumers Association (Fomca) has received complaints that some pawnshops are pressuring people who are not so familiar with the moratorium by imposing charges even during the Conditional Movement Control Order (CMCO) period.

Fomca chief operating officer Saravanan Thambirajah urged the Housing and Local Government Ministry to monitor the pawnshops that were charging consumers.

He said the Malaysia Pawnbrokers Association had previously informed that charges should not be imposed for three months, namely from March 18 to May 12.

“Fomca has received complaints from consumers who have pawned their jewellery and have been told to pay charges up to nine months. Therefore, the ministry has to monitor all these pawnshops.

"The ministry should take the initiative to assist the people. Fomca hopes appropriate steps are taken to protect the rights of consumers against bullying simply because they are from low-income groups,” he said in a statement here yesterday.

Saravanan said the ministry also gave the people the opportunity to report their predicament via social media or using WhatsApp by sending pictures and information of the pawnbroker involved.

Stay safe. Keep updated on the latest news at 

Click here to see residential properties for sale in Kuala Lumpur.

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
  1. Two Penang Hill annual events cancelled due to COVID-19
  2. UK to lift property tax threshold; cut VAT for hospitality sector
  3. Sabah aims to reopen for international tourism by Sept 1