NEWS RELEASES

05 July 2019

Three Men Arrested For Loanshark Harassment

The Police have arrested three men, aged between 17 and 28 for their suspected involvement in a case of loanshark harassment.

On 5 July 2019, the Police were alerted to a case of loanshark harassment where the gate of residential unit along Beach Road was locked with a bicycle lock and splashed with red paint.

Through ground enquiries and with the aid of CCTV, officers from Central Police Division and Criminal Investigation Department arrested three men within four hours since the report was made.

The three men will be charged in court on 6 July 2019 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. Second or subsequent time offenders found guilty of loanshark harassment shall be fined not less than $6,000 and not more than $60,000 with mandatory imprisonment of not less than 2 years and not more than 9 years and mandatory caning of up to 12 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


PUBLIC AFFAIRS DEPARTMENT
SINGAPORE POLICE FORCE
05 July 2019 @ 7:20PM

Last Updated on 08 July 2019