The Police have arrested two men, aged 24 and 29, for their suspected involvement in several cases of loanshark harassment.
Between 11 and 18 June 2018, the Police received several reports of loanshark harassments islandwide, where paint were splashed on the doors of residential units and the gates were chained by bicycle locks.
Following the reports, officers from various Police Land Divisions mounted a joint operation and arrested the two men in the vicinity of Hougang Ave 3 on 19 June 2018. Preliminary investigations revealed that the two men are believed to be involved in several other cases of loanshark harassment islandwide.
Both men will be charged in court on 21 June 2018 under the Moneylenders Act 2010 (Revised Edition). 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 five years, and mandatory caning of up to six strokes.
The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, or cause annoyance and disruptions to public peace and security will be arrested and dealt with severely in accordance with the law.
Members of the public are advised to stay away from loansharks and not to work with or assist them in any way. The public can call the Police at ‘999’ or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in illegal loansharking activities.
SINGAPORE POLICE FORCE
20 June 2018 @ 11:21 AM