The Police have arrested a woman and a man, aged 42 and 31 respectively, for their suspected involvement in loansharking activities in two separate cases.
In the first case, on 4 January 2017 at about 4.40 pm, officers from Jurong Division arrested the 42-year-old woman along Boon Lay Drive. Preliminary investigations revealed that she had assisted loanshark syndicates with the subscription of a pre-paid mobile line and handing over the Subscriber Identity Module (SIM) card to facilitate the business of unlicensed moneylending.
In the second case, on 4 January 2017 at about 7.05 pm, officers from Jurong Division arrested the 31-year-old man along Bukit Batok Central. Preliminary investigations revealed that the suspect is a debtor-turned-runner, who assisted the loanshark syndicates to procure Automated Teller Machine (ATM) cards with Personal Identification Numbers (PINs) from debtors and used them to perform ATM fund transactions. Seven ATM cards and one mobile phone were seized as case exhibits.
Investigations against the 42-year-old female suspect are ongoing.
The 31-year-old male suspect will be charged in Court on 6 January 2017 under the Moneylenders Act (Revised Edition 2010). First-time offenders found guilty of assisting in the business of unlicensed moneylending may be fined not less than $30,000 and not more $300,000, be imprisoned for a term not exceeding four years and shall also be liable to be punished with caning of up to six strokes.
SINGAPORE POLICE FORCE
05 January 2017 @ 7:00 PM