The Police have arrested two men, aged 17 and 18, for their suspected involvement in loansharking activities.
On 10 April 2016, the Police received a report on loanshark harassment where a residential unit at Blk 538 Hougang Street 52 was locked by a bicycle lock and splashed with red paint. Loanshark related graffiti was also found on the wall outside the unit. Through extensive ground enquiries and with the aid of Police Cameras (POLCAMs), officers from Ang Mo Kio Division established the identity of the 18-year-old suspect and arrested him along West Coast Road on 12 April 2016. Following the arrest, officers also established the identity of the other suspect and subsequently arrested him along Dover Road on the same day. Preliminary investigations revealed that the two suspects are believed to have carried out similar acts of harassment at Hougang, Sembawang and Jurong East housing estate.
Both suspects will be charged in Court on 14 April 2016 under the Moneylenders Act 2010 (Revised Edition). 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.
SINGAPORE POLICE FORCE
13 April 2016 @ 7:05 PM