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Wednesday, February 8, 2023
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36 Y.O LOANSHARK ARRESTED FOR SPLASHING PAINT AT DEBTORS’ HOMES IN PASIR RIS

MAN ARRESTED FOR LOANSHARK HARASSMENT WITHIN EIGHT HOURS

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The Police have arrested a 36-year-old man for his suspected involvement in a loanshark harassment case.

On 9 December 2022 at about 3.20pm, the Police were alerted to a case of loanshark harassment along Pasir Ris Street 21 where the doors of two residential units were splashed with red paint and debtor’s notes were left at the gates.

Through follow-up investigations and with the aid of images from Police and CCTV cameras, officers from Bedok Police Division established the identity of the man and arrested him within the same day. Preliminary investigations revealed that the man is allegedly involved in six other cases of loanshark harassment islandwide.

The man will be charged in court on 10 December 2022 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine of between $5,000 and $50,000, with mandatory imprisonment of up to five years, and mandatory caning of up to six strokes.

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The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disrupt public safety, peace and security, will be dealt with firmly 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.

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