The Police have arrested a 38-year-old man for his suspected involvement in a case of loanshark harassment.
On 5 June 2020 at about 3.25 am, the Police were alerted to a case of loanshark harassment along Serangoon North Ave 1 where the gate of a residential unit was secured with a bicycle lock and a debtor’s note was affixed to the wall beside the gate.
Through ground enquiries and with the aid of images from police cameras, officers from Ang Mo Kio Police Division established the identity of the man and arrested him 7 August 2020.
The man will be charged in court on 8 August 2020 under the Moneylenders Act (2010 Revised Edition). For first time offenders, the offence of loanshark harassment carries a fine of not less than $5,000, up to $50,000, with mandatory imprisonment of up to 5 years and mandatory caning of up to 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
07 August 2020 @ 10:00 PM