04 September 2019

Man Arrested For Loanshark Harassment

The Police have arrested a 26-year-old man for his suspected involvement in a case of loanshark harassment.

On 29 August 2019, the Police received a report of loanshark harassment where paint was splashed on the door and gate of a residential unit along Serangoon North Ave 4, and loanshark-related graffiti were found scrawled on the wall beside the unit.    

Through investigations and with the aid of images from police cameras, officers from Ang Mo Kio Police Division established the identity of the man and arrested him on 3 September 2019.

The man will be charged in court on 5 September 2019 under the Moneylenders Act (Revised Edition 2010). 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 five years, and mandatory caning of up to six strokes.

Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, and cause annoyance or disruption 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 them 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.

04 September 2019 @ 9:00PM

Last Updated on 05 September 2019