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Saturday, October 19th, 2019

Man Arrested For Series Of Loanshark Harassment

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by July 2, 2019 Legal and Judicial

The Police have arrested a 20-year-old man for his suspected involvement in a series of loanshark harassment.

On 1 July 2019 at about 8.50pm, the Police received a report of loanshark harassment at a residential unit along Woodlands Drive 60, where the door was splashed with paint and the gate was locked with a bicycle lock. A debtor’s note was also left behind.

Through ground enquiries and with the aid of images from police cameras, officers from Woodlands Police Division established the identity of the man and arrested him on the same day. Preliminary investigations revealed that he is believed to be involved in several other cases of loanshark harassment islandwide.

The man will be charged in court on 3 July 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 for 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 them 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

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