
Johor Commercial Crime Investigation Department (CCID) chief Mohd Salleh Abdullah said the raids were conducted from 8.30am on several locations in Bukit Indah, Iskandar Puteri and Ulu Tiram.
Police seized three computers, 236 handphones and modems.
The two detained were aged 19 and 28.
“The case is being probed under Section 5(2) of the Moneylenders Act. If found guilty, they can be fined up to RM1 million or jailed for a maximum of five years, or both.
“Investigations are still ongoing to track down other syndicate members involved in this illegal moneylending activity,” said Salleh.
He called on those with information on illegal moneylending activities to contact the Johor police headquarters at 07-2254422 or CCID officer Timmy Aheng at 019-7773278.