The Police have arrested a 26-year old man for his suspected involvement in loansharking activities.
On 25 November 2017, the Police were informed that a residential unit at Bishan St 11 had been splashed with paint and the metal gate chained with a bicycle lock. Three debtors' notes were found affixed on the walls adjacent to the affected unit. Through extensive ground enquiries, officers from Tanglin Police Division established the identity of the suspect and arrested him on 14 December 2017. Preliminary investigations revealed that the suspect may be involved in multiple cases of loanshark harassment islandwide.
The suspect will be charged in Court on 15 December 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
14 December 2017 @ 9:25 PM