09 October 2019

Man Arrested For Loanshark Harassment

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

On 9 October 2019 at about 8am, the Police were alerted to a case of loanshark harassment along Toa Payoh Central where the gates of three residential units had been splashed with white paint.

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 the same day. The man is believed to be involved in other similar cases reported island wide.

The man will be charged in court on 11 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. 

09 October 2019 @ 10:00PM

Last Updated on 10 October 2019