Members of Online Loan Business under the name of “Mashala Tech Co., Ltd” Working Fraudulently to Extort Money from Public Arrested

It has been observed that Ma Su Yi Nwe, daughter of U Win Oo, residing at House no. (458/A) on Natmauk Street in No. (9) Ward of the western part of Hlinethaya Township in Yangon Region, has been extorting money from individuals through phone calls regarding the online scams. In this regard, on 15 February, the concerned authorities conduct necessary investigations on her. As per the interrogation results, she found online loan business under the name of “Mashala Tech Co., Ltd” on TikTok social platform around January 2023 and joined it as loan collector in Team- A with a monthly salary of K320,000.

According to the interrogation results,

  • “Mashala Tech Co., Ltd” located on Strand Road in Botahtaung Township is registered under the name of U Zeyar Min (son of U Aung Min) but the actual business person is Chinese citizen Mr. Yu Linfeng (aka) Willian who left for Cambodia on 5 January without re-entry to Myanmar till now.
  • The arrestee HR employee Myat Sandar Win, another arrestee Assistant HR employee Ma Moh Moh Aung and Kyaw Min Phyo (still-at-large) supervise the business. With their supervisions, the business comprised of four teams such as the team pursuing individuals to get loans, the team managing the targeted persons to download online application, the team analyzing the loan applications, and the team forcing the targeted persons to pay back loans.
  • The team that is forcing them to pay back loans is organized with six groups namely Team A, E, J, N, S, and X with 91 employees.
  • “Mashala Tech Co., Ltd” made advertisements of Morning Cash, Smile Loan, Cash Loop, WA Wallet, PK Cash, AJ Cash, Morning Wallet, Sky Cash, Happy Cash, Sun Bag, Zuri Loan and Quich Cash loan applications on Wave Money Application so that loan applications can be seen by the public. For those who want to get the loans, they would download the aforesaid applications firstly and install it on the phone. After that, they must submit name, photo, phone number, KBZ pay or Wave Pay accounts that will transfer money, photo of national registration card (front and back), and Gmail at the online application form for further registration.
  • If the borrower gives permissions to an online application to access necessary data linked with Gmail data, the online application would illegally obtain all data of the borrower. After that, the money with 30% interest deduction rate of the amount of loans will be transferred to the borrower via KBZ Pay or Wave Pay accounts. It is known that the available amount of loans is a minimum of K30,000 to a maximum of K300,000.
  • Then, the company employees forced the borrowers to pay back loans within one week through phone calls and SMS.
  • The company employees illegally obtained the contact numbers on the phone belonging to the borrowers who did not pay back loans during a designated period, and swore at and threatened the contact persons through phone calls, in addition to, making threats on social networking sites to cause embarrassment or humiliation.   

A Chinese citizen Mr. Yu Linfeng (aka) Willian (still-at-large) and other arrestees Ma Myat Sandar Win (aka) Sandar, Ma Aye Myint Thu (aka) Zu Zu Ko, Su Yi Nwe, Ma Wai Phyo Thwe (aka) Ma Wai, Min Khant Kyaw, Zaw Htet Aung, Kyaw Zin Htet, Ma Yadanar, Ma Lwin May Chit, Ye` Naing Win, Ma Moh Moh Aung, Min Khant Kyaw (aka) Khant Kyaw, Nyein Chan Swe and Ma Su Su Aye have been identified together with 133 laptops, 10 mobile phones and a vehicle used in the online scams. Now, the case is opened against those perpetrators and legal actions against them are underway.

Aiming to eliminate money scams, a statement is released hereby that if the public would find suspicious behaviours related to financial frauds similar to the above-mentioned case, the public are urged to join hands with the concerned authorities by reporting any suspected cases as soon as possible.

Source: Myawaddy Daily Newspaper (25-2-2024)


  • A total of 13 perpetrators including Ma Myat Sandar Win who are working fraudulently to extort money from public at the online loan business under the name of “Mashala Tech Co., Ltd” were arrested along with 133 laptops, 10 mobile phones and a vehicle used in the online scams.
Monday, February 26, 2024 - 08:45
February, 2024