19 September 2018

Ten Arrested In Anti-Loansharking Operation

The Police have arrested eight men and two women, aged between 26 and 52, for their suspected involvement in loansharking activities.

In a ten-hour operation conducted on 18 September 2018, officers from the Criminal Investigation Department, Police Intelligence Department and the police land divisions conducted simultaneous raids at multiple locations island wide, resulting in the arrests. During the operation, items including cash amounting to about S$30,000/-, mobile phones, Automated Teller Machine (ATM) cards and Internet banking dongles were seized as case exhibits. Preliminary investigations suggested that the suspects are believed to be members with various roles in the loansharking syndicate. 

Five suspects, aged between 26 and 46, will be charged in court on 20 September 2018 for offences under the Moneylenders Act (Revised Edition 2010). Investigations against the remaining suspects are still ongoing.

Members of the public are advised to stay away from loansharks and not to 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 illegal loansharking activities. All information provided will be kept strictly confidential.

The Police will continue to take tough enforcement action against those involved in the loansharking business, regardless of their roles, and they will face the full brunt of the law.


19 September 2018 @ 12:30PM

Last Updated on 19 September 2018