The Police have arrested a 40-year-old man for his suspected involvement in a case of loanshark harassment.
On 18 July 2023, the Police were alerted to a case of loanshark harassment along Hougang Street 91, where the gate of a residential unit was locked, and a debtor’s note was placed at the said unit.
Through extensive follow-up investigations 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 on 24 July 2023.
The man will be charged in Court on 26 July 2023 under the Moneylenders Act 2008. First time offenders found guilty of loanshark harassment shall be fined not less than $5000 and not more than $50,000, with mandatory imprisonment of up to five years, and caning of up to six strokes.
The Police take a zero tolerance approach towards loanshark harassment activities. Those who deliberately vandalise properties, and cause annoyance and disruption to public safety 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
25 July 2023 @ 8:10 PM