Man Arrested For Loanshark Harassment
The Police have arrested a 32-year-old man for his suspected involvement in loansharking activities.
On 18 August 2018, the Police were alerted to a case of loanshark harassment at a residential unit at Whampoa Drive. The unit was splashed with red paint and the wall outside the unit was scrawled with loanshark graffiti.
Through ground enquiries, officers from Tanglin Police Division established the identity of the suspect and arrested him on 23 August 2018. 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 25 August 2018 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act (Revised Edition 2010), 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