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Man Swiftly Arrested For Loanshark Harassment

The Police have arrested a 26-year-old man for his suspected involvement in a case of loanshark harassment.

On 28 June 2020, the Police were alerted to a case of loanshark harassment at a residential unit along at Toa Payoh Central where the door and the gate of the unit were splashed with paint, and a debtor’s note was left behind.

Through investigations and with the aid of images from police cameras, officers from Tanglin Police Division established the identity of the man and arrested him within 12 hours after the report was lodged. Preliminary investigations revealed that the man is believed to be involved in similar cases reported island wide. 

The man will be charged in court on 30 June 2020 under the Moneylenders Act (Revised Edition 2010). For first time offenders, the offence of loanshark harassment carries a fine between $5,000 and $50,000, and 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.

29 June 2020 @ 12:00 PM
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