The Police have arrested a 30-year-old man for his suspected involvement in loansharking activities.
On 8 January 2019, the Police received a report that the door to a residential unit at Blk 22 Marsiling Drive was locked with a bicycle chain and a debtor’s note was placed outside the unit. Through ground enquiries and with the aid of images from police cameras, the identity of the man was established and he was subsequently arrested on 23 January 2019. A mobile phone and a bicycle lock with keys were seized as case exhibits.
The man will be charged in court on 25 January 2019 under the Moneylenders Act 2010 (Revised Edition). 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 have zero tolerance against loanshark harassment. Those who deliberately vandalise properties, or cause annoyance and disruption to public peace and security will be arrested and dealt with severely in accordance to the law.
SINGAPORE POLICE FORCE
24 January 2019 @ 10:00 PM