17 July 2019

Man Arrested For Loanshark Harassment

The Police have arrested a 29-year-old man for his suspected involvement in a case of loanshark harassment.

On 15 July 2019 at about 1.40pm, the Police received a report of loanshark harassment at a residential unit along Toa Payoh North where the gate was locked with a bicycle chain and a debtor note was left behind. Through investigations and with the aid of images from police cameras, officers from Tanglin Police Division established the identity of the man and arrested him on 16 July 2019. Preliminary investigations revealed that the man is believed to be involved in other similar cases reported island-wide.

The man will be charged in court on 18 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.

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. 

17 July 2019 @ 12:30PM

Last Updated on 17 July 2019