The Police have arrested a 61-year-old man for his suspected involvement in three cases of loanshark harassment.
Between 15 to 19 January 2025, the Police were alerted to three cases of loanshark harassment at residential units located along Woodlands Drive 62, Yishun Avenue 4 and Yishun Avenue 6 where the main doors and gates of the said units were splashed with red paint. Debtor notes were also found at the scenes and subsequently seized as case exhibits.
Through follow-up 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 19 January 2025.
The man will be charged in court on 21 January 2025 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine between $5,000 and $50,000, with imprisonment of up to five years, and caning of up to six strokes.
The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disrupt 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 them in any way. The public can call the Police at ‘999’ if they suspect or know of anyone who could be involved in loansharking activities.
SINGAPORE POLICE FORCE
20 January 2025 @ 10:15 PM