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Man Arrested For Series Of Loanshark Harassment

The Police have arrested a 39-year-old man for his suspected involvement in a series of loanshark harassment.

On 22 March 2020, the Police received a report of loanshark harassment at a residential unit along Clementi Ave 3, where the door was splashed with paint and a debtor note was pasted on the wall outside the unit.

Through investigations and with the aid of images from police cameras, officers from Clementi Police Division established the identity of the man and arrested him on 23 March 2020. Preliminary investigations revealed that he is believed to be involved in several other cases of loanshark harassment islandwide.

The man will be charged in court on 25 March 2020. Under the Moneylenders Act (Revised Edition 2010), the offence of loanshark harassment for first time offenders carries a fine of not less than $5,000 and not more than $50,000 and mandatory imprisonment of up to 5 years and mandatory caning of up to 6 strokes.

The Police have zero tolerance for 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.

24 March 2020 @ 7:30 PM
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