A PKR Youth leader has claimed that he purchased a bungalow worth RM1.2 million with loans obtained from two “Ah Long” (loan sharks), his mother-in-law and grandmother, who has since passed on.

According to one of the charge sheets, Adam Rosly Abdullah told the Malaysian Anti-Corruption Commission (MACC) on Feb 10 that he acquired the Disneyland-like bungalow in cash last year because he could not obtain a bank loan.

Of that amount, Adam told MACC he had borrowed RM400,000 from a loan shark identified as Leo, and RM100,000 from another loan shark identified as Ben.

The 30-year-old businessman also said he had borrowed RM100,000 from his mother-in-law, and another RM100,000 from his grandmother.

He then raised RM500,000 from selling cars, rent collection and business profits.

However, a separate charge sheet details how Adam (photo) later, on Feb 22, corrected his statement.

This time, the Ampang PKR Youth chief said he borrowed RM555,165 from Leo on a two-year loan. He also furnished supporting documents.

Of this amount, he had paid RM302,050, with RM253,115 still unpaid.

Adam had also submitted a document to prove that his grandmother gave him RM80,000 as a three-year loan in October 2016. He noted that his grandmother passed away on Jan 28 this year.

He also said that RM500,000 of the money used to purchase his bungalow came from the sale of cars.

The charge sheet states that Adam's statements on Feb 10 and Feb 22 are false.

Other charge sheets also said that the supporting documents for his loans from Leo and his grandmother, as well as a cash voucher for the sale of a car, were also false.

Adam was today charged with two counts of providing false information, and four counts of providing false documents to the authorities.

He faces a fine of up to RM3 million, or up to five years' jail, or both, if convicted.