The Police have arrested a 16-year-old teenager for his suspected involvement in loansharking activities.
On 30 June 2018, the Police received a report that the door of a residential unit along Toa Payoh Lorong 7 had been splashed with paint. The gate of the unit was also locked with a bicycle chain.
Through ground enquiries, officers from Tanglin Police Division established the identity of the teenager and arrested him along Tampines Avenue 1 on 4 July 2018. Preliminary investigations revealed that he is believed to be involved in other cases of loanshark harassment island wide.
The teenager will be charged in court on 6 July 2018 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act (Revised Edition 2010), first time offenders found guilty of loanshark harassment shall be punished with imprisonment for a term not exceeding 5 years and shall also be liable to a fine of not less than $5,000 and not more than $50,000 with mandatory caning of not less than 3 and not more than 6 strokes.
SINGAPORE POLICE FORCE
05 July 2018 @ 8:42 PM