08 January 2019

Man Arrested For Loanshark Harassment

The Police have arrested a 32-year-old man for his suspected involvement in a loanshark harassment case.

On 7 January 2019 at 2.39am, the Police received a report of loanshark harassment where the front door of a residential unit along Meiling Street was locked with a bicycle lock and a debtor’s note was left on the gate of the unit.

Through ground enquiries and with the aid of images from police cameras, officers from Clementi Police Division established the identity of the suspect and arrested him on the same day. Preliminary investigations revealed that he is believed to be involved in other loanshark harassment cases islandwide.

The man will be charged in court on 9 January 2019 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act (2010 Revised Edition), 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.

The Police take a zero tolerance approach towards loanshark harassment activities. Those who deliberately vandalise properties, and cause annoyance and disruptions to public safety 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 illegal loansharking activities.

08 January 2019 @ 6:26PM

Last Updated on 09 January 2019