The Police have arrested a 24-year-old man for his suspected involvement in loansharking activities.
On 15 November 2021, the Police were alerted to a case of loanshark harassment where two residential units along Choa Chu Kang Street 51 were splashed with paint and pasted with debtor notes. With the aid of images from Police cameras, officers from Jurong Police Division established the identity of the man and arrested him on 16 November 2021, within five hours of the reported crime. Preliminary investigations revealed that the man was believed to be involved in other cases of loanshark harassment island-wide.
The man will be charged in court on 17 November 2021 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 five years and mandatory caning of up to six strokes.
The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to the public sense of safety, 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 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
16 November 2021 @ 2:15 PM