The Police have arrested a 32-year-old man for his suspected involvement in a case of loanshark harassment.
On 8 August 2019 at about 6.45pm, the Police were alerted to a case of loanshark harassment where a debtor note was left behind at a residential unit along Yishun Street 81.
Through ground enquiries and with the aid of images from police cameras, officers from Woodlands Police Division established the identity of the man and arrested him on 21 August 2019. Preliminary investigations revealed that the man is believed to be involved in other cases of loanshark harassment island wide.
The man will be charged in court on 22 August 2019 under the Moneylenders Act (Revised Edition 2010). 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.
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
21 August 2019 @ 2:40 PM