08 October 2019

Man Arrested For Loanshark Harassment

The Police have arrested a 44-year-old man for his suspected involvement in a case of loanshark harassment.

On 23 May 2019, the Police were alerted to a case of loanshark harassment where a victim received a video footage showing a debtor’s note pasted on the wall next to the victim’s residential unit along Woodlands Street 13.

Through ground enquiries and with the aid of images from police cameras, officers from Woodlands Police Division established the identity of the man and arrested him on 7 October 2019.

The man will be charged in court on 9 October 2019 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 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. 

08 October 2019 @ 6:13PM

Last Updated on 09 October 2019