Two Men Arrested For Loanshark Harassment
The Police have arrested two men, aged 17 and 22 for their suspected involvement in a case of loanshark harassment.
On 15 October 2019, the Police were alerted to a case of loanshark harassment where the gate of a residential unit along Pasir Ris Street 21 was secured with a bicycle lock. A debtor’s note was also left at the unit.
Through investigations and with the aid of images from police cameras, officers from Bedok Police Division and Jurong Police Division established the identities of both men and arrested them separately on 15 and 16 October 2019. Preliminary investigations revealed that they are believed to be involved in other cases of loanshark harassment at Choa Chu Kang Avenue 5 and Keat Hong Close. Two mobile phones were seized.
Both men will be charged in court on 17 October 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 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