05 June 2019

Man Arrested For Loanshark Harassment

The Police have arrested a 28-year-old man for his suspected involvement in loanshark harassment.

On 31 May 2019, the Police were alerted to a case of loanshark harassment at a residential unit along Bukit Batok Street 52, where paint was splashed at the residential unit and loanshark-related graffiti was found scrawled along the wall of the lift landing near the unit. Through ground enquiries and with the aid of images from police cameras, officers from Jurong Police Division established the identity of the man and arrested him on 4 June 2019. Preliminary investigations revealed that the man is believed to be involved in other cases of loanshark harassment island wide. 

The man will be charged in court on 6 June 2019 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act (Revised Edition 2010), 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 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.

05 June 2019 @ 2:40PM

Last Updated on 06 June 2019