The Police have arrested a 50-year-old man for his suspected involvement in loansharking activities.
On 8 October 2017, the Police received a report informing that a residential unit at Lorong 8 Toa Payoh had been locked with a bicycle lock. Through extensive ground enquiries, officers from Tanglin Police Division established the identity of the man and arrested him along Hougang Street 91 on 12 October 2017 at about 9.10pm. The man was believed to be involved in other loansharking activities reported islandwide.
The man will be charged in Court on 14 October 2017 under the Moneylenders Act 2010 (Revised Edition). First-time offenders found guilty of loanshark harassment shall be punished with imprisonment for a term not exceeding 5 years and shall also be liable to a fine of not less than $5,000 and not more than $50,000 with mandatory caning of not less than 3 and not more than 6 strokes.
SINGAPORE POLICE FORCE
13 October 2017 @ 5:25 PM