The Police have arrested a 35-year-old man for his suspected involvement in a case of loanshark harassment.
On 9 January 2023 at 11.22pm, the Police were alerted to a case of loanshark harassment along Bedok North Street 3, where the gate of a residential unit was secured with a bicycle lock.
Through follow-up investigations and with the aid of images from Police cameras, officers from Bedok Police Division established the identity of the man and arrested him on 11 January 2023. Preliminary investigations revealed that the man is allegedly involved in two other cases of loanshark harassment. A bicycle lock, bag and mobile phone were seized as case exhibits.
Police investigations are ongoing. For first-time offenders, the offence of loanshark harassment under the Moneylenders Act 2008 carries a fine of between $5,000 and $50,000, with imprisonment of up to five years, and caning of up to six strokes.
The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, 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 to 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.