The Police have arrested a 50-year-old man for his suspected involvement in loansharking activities.
On 8 May 2023, the Police were alerted to a case of loanshark harassment at a residential unit along Tah Ching Road, where a debtor note was affixed on the door.
Through ground enquiries and with the aid of images from Police cameras, officers from Jurong Police Division established the identity of the man and arrested him on 8 June 2023. The man is believed to be involved in other similar cases of loanshark harassments.
The man will be charged in court on 9 June 2023 under the Moneylenders Act 2008. 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 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 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
08 June 2023 @ 7:45 PM