The Police have arrested a 32-year-old man for his suspected involvement in a series of loanshark harassments.
On 14 February 2021 at 9.59am, the Police were alerted to a case of loanshark harassment along Tampines Street 82 where the gate of a residential unit was secured with a bicycle lock and a debtor’s note was pasted on the wall.
Through follow-up investigations and with the aid of images from police cameras, officers from Bedok Police Division established the identity of the man and arrested him on 15 February 2021. Preliminary investigations revealed that the man is allegedly involved in other cases of loanshark harassment. One mobile phone was seized as a case exhibit.
The man will be charged in court on 16 February 2021. Under the Moneylenders Act 2010 (Revised Edition 2010), the offence of loan harassment for first-time offenders carries a fine of between $5,000 and $50,000, with mandatory imprisonment of up to five years and mandatory caning of up to six 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. Members of 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
15 February 2021 @ 7:15 PM