The Police have arrested a 29-year-old man for his suspected involvement in loansharking activities.
On 21 March 2019 at about 10.30pm, the Police were alerted to a case of loanshark harassment where a debtor note was pasted on the gate of a residential unit at Blk 800 Yishun Ring Road.
Through investigations and with the aid of images from police cameras, officers from Woodlands Police Division established the identity of the man and arrested him on 28 March 2019. Preliminary investigations revealed that he is believed to be involved in several other cases of loanshark harassment island wide.
The man will be charged in court on 30 March 2019. 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 activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public safety, peace and security, will be arrested and 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
SINGAPORE POLICE FORCE
29 March 2019 @ 4:00 PM