Singapore Police have apprehended a 23-year-old man suspected of involvement in a series of loanshark harassment incidents. The arrest underscores the SPF’s commitment to cracking down on illegal moneylending activities and protecting the public from harassment and intimidation. The police are sending a clear message that such behavior will not be tolerated.
The arrest followed a report of loanshark harassment at a residential unit along Bukit Batok East Avenue 3 on June 8th, 2025, at approximately 2:45 am. Responding officers found the main gate of the unit splashed with red paint and a debtor’s note left outside. This type of vandalism is a common tactic used by loansharks to intimidate debtors and their families.
Leveraging follow-up investigations and utilizing images from Police cameras, officers from Jurong Police Division were able to quickly identify and arrest the suspect on the same day. Preliminary investigations suggest that the man is allegedly linked to other similar cases of loanshark harassment reported in the vicinity of Tah Ching Road and Bendemeer Road. The swift arrest demonstrates the effectiveness of police surveillance and investigative techniques.
Zero Tolerance for Loansharking
The suspect is scheduled to be charged in court on June 10th, 2025, under the Moneylenders Act 2008. First-time offenders convicted of loanshark harassment face a hefty fine ranging from $5,000 to $50,000, imprisonment of up to five years, and caning of up to six strokes. These severe penalties reflect the seriousness with which the authorities view loansharking activities.
The Police have reiterated their zero-tolerance policy towards loanshark harassment. They emphasize that individuals who deliberately vandalize properties, cause annoyance, and disrupt public safety, peace, and security will face the full force of the law. The SPF is determined to protect the community from the harmful effects of illegal moneylending.
The public is strongly advised to avoid loansharks and refrain from working with or assisting them in any way. Engaging with unlicensed moneylenders can lead to serious financial and personal consequences. Anyone who suspects or knows of someone involved in loansharking activities is urged to contact the Police immediately at ‘999’. Reporting these activities is crucial in helping the police combat illegal moneylending and protect vulnerable individuals.
Staying Safe from Illegal Moneylenders
The SPF’s proactive approach to tackling loansharking includes public awareness campaigns to educate people about the dangers of borrowing from unlicensed moneylenders. These campaigns highlight the potential for harassment, exorbitant interest rates, and other exploitative practices. The police also work closely with community organizations to provide support and assistance to victims of loansharking.
The arrest serves as a reminder of the risks associated with illegal lending and the importance of seeking financial assistance from legitimate sources. Individuals struggling with debt are encouraged to seek help from reputable financial institutions or credit counseling agencies. These organizations can provide guidance and support in managing debt and avoiding the pitfalls of loansharking.
The Police are committed to maintaining a safe and secure environment for all residents of Singapore. By working together with the community, the SPF can effectively combat loansharking and protect vulnerable individuals from exploitation. This ongoing effort is essential for ensuring financial stability and social harmony.Bookmark messageCopy messageExport