The Police have arrested a 16-year-old female teenager for her suspected involvement in loansharking activities.
On 14 June 2018, the Police were alerted to reports of loanshark harassment where the gates of several residential units along Woodlands Crescent were locked with bicycle locks. Debtor notes were also left behind. Through ground enquiries and with the aid of images from Police cameras, officers from Jurong Police Division established the identity of the female teenager and arrested her along Hougang Avenue 8 on 28 June 2018.
Investigations against the female teenager are ongoing. Under the Moneylenders Act (Revised Edition 2010), 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 5 years and mandatory caning of up to 6 strokes.
The Police would like to advise everyone to steer clear from all forms of loansharking-related activities, and not be tempted by the offer of quick and easy money. Parents should also be mindful of their children’s activities and educate them not to fall prey to these unscrupulous criminals. The punishments for loansharking-related offences are severe, and parents must intervene promptly should their children display tell-tale signs of being under the influence of bad company.
SINGAPORE POLICE FORCE
30 June 2018 @ 11:00 AM