KUALA TERENGGANU: Mara will take stern action against those who default on their loans as they deprived others of getting aid, Mara director-general Datuk Ibrahim Muhamad said.
He said Mara would work with the Immigration Department to stop these defaulters, whose arrears amounted to a whopping RM500 million, from leaving the country.
"Some of them are exempted from paying their loans after scoring good results in examinations but have yet to apply for the exemption.
"If they apply for the exemption, the amount could be just around RM200 million," he said after opening the Mara Education Carnival 2010 for the eastern zone here .
He said Mara had declared 10 loan defaulters bankrupt when they failed to repay their loans within the timeframe given. -- Bernama
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