Nepal flood disaster: Families of 54 missing Malaysians seek debt freeze as legal limbo deepens

Families of 54 Malaysians still missing after floods in Nepal-Tibet are seeking help from the Malaysian government to prevent debt collection while they await the outcome of their loved ones’ legal status. Malaysia Solidarity: Families in Hope (MASFIH) spokesman Dr R. Manivannan requested a six-month moratorium on personal financing, vehicle loans, and hire-purchase agreements without interest or penalties during the period.

This moratorium would allow families to manage the victims’ accounts, assets, and investments without legal complications. Six family representatives attended a meeting with Bank Negara Malaysia (BNM) to discuss these requests, which were made in coordination with financial institutions. While several banks expressed willingness to assist, the proposal for a moratorium still needs further consideration.

Families are also seeking urgent intervention from the Attorney-General’s Chambers to establish a legal mechanism enabling them to manage the financial affairs of missing relatives during the unresolved legal status period.