The Police have arrested a 42-year-old man for his suspected involvement in a series of loanshark harassment cases.
On 18 July 2023, the Police were alerted to a case of loanshark harassment along Woodlands Ring Road, where a debtor’s note was left at the gate of a residential unit with attempts made to lock the gate with a bicycle lock.
Officers from Woodlands Police Division detained a 42-year-old man at scene. Five bicycle chains with padlocks, one permanent marker, one memo pad, one roll of sticky tape, one debtor’s note, and plastic bags used to contain the said items were seized as case exhibits. Preliminary investigations revealed that the man is believed to be involved in four other cases of loanshark harassment.
The man will be charged in court on 20 July 2023 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine of not less than $5,000 and not more than $50,000, with mandatory imprisonment of up to five years and mandatory caning of up to six strokes.
The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruption 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 to 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.
Case exhibits seized ▼
SINGAPORE POLICE FORCE
19 July 2023 @ 10:15 PM