The Police have arrested two men, aged 24 and 28, for their suspected involvement in loansharking activities.
On 31 May 2022, the Police were alerted to a case of loanshark harassment where the gate of a residential unit along Bukit Batok West Avenue 8 was locked with a bicycle lock and debtor notes were left behind.
Through ground enquiries and with the aid of images from police cameras, officers from Jurong Police Division established the identity of the duo and arrested them on 1 June 2022. Preliminary investigations revealed that the duo are believed to be involved in other similar cases.
The duo will be charged in court on 2 June 2022 under the Moneylenders Act 2008. For first time offenders, the offence of loanshark harassment carries a fine of not less than $5,000, and not more than $50,000, with imprisonment of up to five years, and 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 loansharking activities.
SINGAPORE POLICE FORCE
01 June 2022 @ 1:00 PM