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Man Arrested For Loanshark Harassment

by February 12, 2018 Industry

The Police have arrested a 23-year-old man for his suspected involvement in loansharking activities.

On 12 February 2018, the Police were alerted by the owner of a residential unit at Blk 86 Lorong 2 Toa Payoh that a man was loitering outside his unit and is believed to have splashed paint at his unit. Officers from Tanglin Police Division established the identity of the man and arrested him subsequently.

Preliminary investigations revealed that the man is believed to be involved in several other cases of loanshark harassment island wide.

The man will be charged in the Court on 13 February 2018 under the Moneylenders Act 2010 (Revised Edition). First-time offenders found guilty of loanshark harassment shall be punished with imprisonment for a term not exceeding 5 years and shall also be liable to a fine of not less than $5,000 and not more than $50,000 with mandatory caning of not less than 3 and not more than 6 strokes.

Source: Singapore Police Force