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Monday, February 24th, 2020

Man Arrested For Loanshark Harassment

by September 18, 2019 General

The Police have arrested a 29-year-old man for his suspected involvement in a case of loanshark harassment.

On 14 September 2019, the Police were alerted to a case of loanshark harassment at a residential unit at Whampoa Drive. The entrance and adjacent wall of the residential unit were splashed with paint. The gate of the residential unit was also locked with a bicycle chain, and a debtor’s note was pasted on the adjacent wall.

Through investigations and with the aid of images from police cameras, officers from Tanglin Police Division established the identity of the man and arrested him on 17 September 2019. Preliminary investigations revealed that the man is believed to be involved in other similar cases reported island wide.

The man will be charged in court on 19 September 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 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.

Source: Singapore Police Force