The Police have arrested a 22-year-old man for suspected involvement in loansharking activities.
On 9 May 2018, the Police received a report on loanshark harassment where the keyhole of a residential unit at Tampines Avenue 5 was filled with glue and a debtor note was found left at the gate. Through extensive ground enquiries, officers from Bedok Police Division established the identity of the suspect and arrested him on 14 May 2018. A handphone, one bicycle lock and a bottle of glue were seized as case exhibits. The man is believed to have carried out similar acts of harassment in Punggol, Jurong West and Strathmore Avenue housing estates.
The man will be charged in court on 16 May 2018 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act (Revised Edition 2010), first time offenders found guilty of loanshark harassment shall be fined not less than $5,000 and not more than $50,000 with mandatory imprisonment of up to 5 years, and mandatory caning of up to 6 strokes.
SINGAPORE POLICE FORCE
15 May 2018 @ 8:55 PM