The police have arrested a 54-year-old man for his suspected involvement in a series of loanshark harassments.
On 3 September 2020, the police were alerted to a case of loanshark harassment where the wall of a residential unit along Yishun Avenue 4 was pasted with a debtor note, and a packet of coffee was hung at the gate of the unit.
Through investigations and with the aid of images from police cameras, officers from Woodlands Police Division established the identity of the man and arrested him on 10 September 2020. The man is also suspected to be involved in at least 7 other cases of loanshark harassments island-wide.
The man will be charged in court on 11 September 2020 under the Moneylenders Act (Revised Edition 2010). For first time offenders, the offence of loanshark harassment carries a fine between $5,000 and $50,000, and 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
10 September 2020 @ 11:05 PM