Courts must crack down on loan sharks: Speaker

ASEAN+ September 03, 2013 00:00

By Eleven Media
Yangon

No one will point a finger at the judiciary if it listens to public voices and sympathises with their plight, said Upper House Speaker Khin Aung Myint.



He was responding to a Parliament Bill Committee report into the problem of loan sharks and debtors which highlighted the case of an Irrawaddy woman who had lost out to a court decision.
“The Constitution gives every citizen equal right to justice before the law. As this right is a cornerstone of the rule of law, it is necessary to act correctly in judicial affairs,” said the Speaker.
He said it was regrettable that Parliament had been bombarded with complaints about lenders who had seized property and land in lieu of payment from debtors. He warned that unlicensed lenders who charged high interest rates faced prosecution under the law. 
“When a case emerges in which the creditor is believed to be running an unlicensed loan business, the courts must act with equality, fairness and justice. Cases must focus on the spirit of law as prescribed in law books,” said Khin Aung Myint.
He went on to underline the importance of judges listening to the victims and sympathising with their plight.
Reform of the judiciary was also needed, he said, warning that the Supreme Court and other high courts would be held accountable if they continued to unilaterally defend judgements made at a lower level.

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