The Police have arrested a 26-year-old man for his suspected involvement in a case of loanshark harassment.
On 20 January 2025, the Police were alerted to a case of loanshark harassment along Yishun Avene 4, where the main gate of a residential unit was locked with a bicycle lock and a debtor’s note was pasted on the main door.
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 the same day. Preliminary investigations revealed that he is allegedly involved in other similar cases of loanshark harassment islandwide.
The man will be charged in court on 22 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 to 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
21 January 2025 @ 5:25 PM