The Police have arrested a 49-year-old man for his suspected involvement in a case of loanshark harassment.
On 10 February 2025 at 6.35pm, the Police were alerted to a case of loanshark harassment at a residential unit along Yishun Street 31, where a debtor’s note was left outside the unit.
Through ground enquiries and with the aid of images from Police cameras, officers from Woodlands Police Division established the identity of the man and arrested him within six hours of the report. Preliminary investigations revealed that the man is allegedly involved in other similar cases of loanshark harassment islandwide.
The man will be charged in court on 12 February 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 and disruption to public safety 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 involved in loansharking activities.
SINGAPORE POLICE FORCE
11 February 2025 @ 6:00 PM