Police have arrested a 24-year-old man for his suspected involvement in loansharking activities.
2 Two cases of loanshark-related harassment were reported at Block 264 Boon Lay Drive and Block 758 Jurong West Street 74 on 21 January 2015 and 14 February 2015 respectively. The identity of the suspect was established with the image captured from the Police cameras installed at the blocks. Police arrested the suspect on 24 February 2015 at Block 613 Choa Chu Kang Street 62. A mobile phone was seized for investigations.
3. Preliminary investigations indicate that the suspect is a debtor-turned-harasser, who carried out island-wide loansharking harassments at public housing estates by splashing paint at the doors of debtors’ residences and defacing the adjacent walls with loan-shark graffiti.
4 The suspect will be charged in Court on 26 February 2015. Under the Moneylenders Act 2010 (Revised Edition), first time offenders found guilty of loanshark harassment shall be punished with imprisonment for a term of up to 5 years, a fine of not less than $5,000 and not more than $50,000, and shall also be liable to caning of not less than 3 and not more than 6 strokes.
SINGAPORE POLICE FORCE
25 February 2015 @ 4:20 PM