The Police have arrested a 57-year-old man for his suspected involvement in loansharking activities.
On 31 January 2019, the Police were alerted to a case of loanshark harassment where the wall of a residential unit at Blk 104 Whampoa Drive was scrawled with loanshark graffiti. Through ground enquiries and footages from police cameras, officers from Tanglin Police Division established the identity of the man and arrested him on 18 February 2019.
Preliminary investigations revealed that the man is believed to be involved in similar cases reported islandwide.
The man will be charged in court on 20 February 2019 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 5 years, and mandatory caning of up to 6 strokes.
The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public safety, peace and security, will be dealt with severely in accordance with the law.
Members of the public are advised to stay away from loansharks and not work with or assist the loansharks 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 loansharking activities.
SINGAPORE POLICE FORCE
19 February 2019 @ 10:45 PM