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Saturday, January 25th, 2020

Two Arrested For Loanshark Harassment

by June 24, 2019 General

The Police have arrested a man and a female teenager, aged 22 and 15, for their suspected involvement in a case of loanshark harassment.

On 22 June 2019 at about 3.25am, the Police received a report of loanshark harassment at Blk 208 Toa Payoh North where the main gate of a residential unit was locked with a padlock and a debtor’s note was placed at the gate.

Through ground enquiries and with the aid of images from police cameras, officers from Tanglin Police Division established the identities of the duo and arrested them on 23 June 2019. Preliminary investigations revealed that the man is believed to be involved in other similar cases of loanshark harassment islandwide. Investigations against the teenager are ongoing.

The man will be charged in court on 25 June 2019 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 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