NEWS RELEASES

28 August 2019

Man Arrested For Loanshark Harassment

The Police have arrested an 18-year-old man for his suspected involvement in two separate cases of loanshark harassment. 

In the first case on 23 August 2019 at about 10.40 pm, the Police were alerted to a case of loanshark harassment where paint was splashed at a residential unit along Jurong West St 42 and pieces of debtor’s note were left behind.

In the second case, on 26 August 2019 at about 5.40 pm, the Police were alerted to a case of loanshark harassment where paint was splashed at a residential unit along Jurong West St 91.

Through investigations and with the aid of images from police cameras, officers from Jurong Police Division established the identity of the man and arrested him on 27 August 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 29 August 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 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
28 August 2019 @ 6:25PM

Last Updated on 30 August 2019