The Police have arrested an 18-year-old man for suspected involvement in loansharking activities.
On 22 March 2019, the Police received a report that loanshark-related graffiti were found scrawled on the wall outside a residential unit at Toa Payoh Lorong 1. Through extensive ground enquiries, officers from Tanglin Police Division established the identity of the man and arrested him on 23 March 2019. Preliminary investigations revealed that the man is believed to be involved in several other cases of loanshark harassment islandwide.
The man will be charged in court on 25 March 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 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.
The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to 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 work with or assist the loansharks in any way. The public can call the Police at ‘999’ or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.
SINGAPORE POLICE FORCE
24 March 2019 @ 12:05 PM