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Saturday, July 20th, 2019

Teenager Arrested For Loansharking Activities

by November 22, 2018 Sports

The Police have arrested a 16-year-old teenager for his suspected involvement in loansharking activities.

On 7 November 2018, the Police were alerted to a case of loanshark harassment where the main gate of a residential unit along Hougang Street 22 was splashed with paint and loanshark-related graffiti was scribbled on the walls. Through investigation and with the aid of images from police cameras, officers from Ang Mo Kio Police Division established the identity of the teenager and arrested him on 21 November 2018.

The suspect will be charged in court on 23 November 2018 under the Moneylenders Act 2010 (Revised Edition). 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 sense of safety, peace and security will be arrested and dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not to 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 illegal loansharking activities.

Source: Singapore Police Force