10 July 2019

Man Arrested For Loanshark Harassment

The Police have arrested a 27-year-old man for his suspected involvement in a case of loanshark harassment.

On 8 July 2019 at about 5pm, the Police were alerted to a case of loanshark harassment where the gate of a residential unit along Elias Road was secured with a bicycle lock.

Through investigation and with the aid of images from police cameras, officers from Bedok Police Division established the identity of the man and arrested him on 9 July 2019. Preliminary investigations revealed that the man is believed to be involved in similar cases reported island-wide. One bicycle lock, three debtor’s notes and a blue marker were seized.  

The man will be charged in court on 11 July 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 have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public sense of safety, peace and security will be arrested and dealt with severely in accordance with the law.

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 loansharking activities.

10 July 2019 @ 6:50PM

Last Updated on 11 July 2019