The Police have arrested a 49 year old man for suspected involvement in loansharking activities.
On 13 January 2016 at about 7.30 pm, officers from Central Division were on anti-crime rounds when they spotted the suspect behaving suspiciously. They conducted a search and found loanshark-related paraphernalia on him. He was subsequently placed under arrest for suspected involvement in loansharking activities. One Automated Teller Machine (ATM) card, some cash and one mobile phone containing entries relating to loansharking activities were seized as case exhibits. Preliminary investigations revealed that the suspect is believed to have assisted loansharks by going to debtors’ houses to demand for loan repayment on behalf of the loansharks.
Investigations against the suspect are ongoing. Under the Moneylenders Act (Revised Edition 2010), first-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender, may be fined not less than $30,000 and not more than $300,000, be imprisoned for a term not exceeding four years and shall also be liable to caning of not more than six strokes.
SINGAPORE POLICE FORCE
14 January 2016 @ 8:20 PM