Lawyer Khoo Ai Theng Warns Against Unethical Legal Practices in Loan Agreements

Lawyer Khoo Ai Theng Warns Against Unethical Legal Practices in Loan Agreements

Lawyer Khoo Ai Theng has raised concerns about unethical practices involving certain legal professionals who collaborate with unscrupulous lenders to deceive individuals into signing unfair loan agreements. These agreements often contain exploitative terms that are not clearly explained to the borrowers, leading to significant financial burdens.​

Khoo emphasized the importance of transparency and fairness in legal contracts, urging individuals to thoroughly review any loan documents and seek independent legal advice before signing. She also called on regulatory authorities to investigate and take action against legal practitioners who violate ethical standards by facilitating such deceptive practices.​

This warning serves as a reminder for consumers to remain vigilant and informed when entering into financial agreements, ensuring their rights and interests are protected.

Newspaper Link:  Kwong Wah E-News | Guang Ming Daily