The Singapore Police Force said in a press release on Thursday that they have arrested a 53-year-old man for his alleged involvement in a case of loanshark harassment.
The man had allegedly locked a residential unit with a bicycle lock and left behind a debtor note.
He was charged in court yesterday under the Moneylenders Act 2008 and if convicted, faces a jail term of up to 5 years, a fine of between $5,000 to $50,000 and up to 6 strokes of the cane.
Singapore Police Force’s press release
MAN ARRESTED FOR LOANSHARK HARASSMENT
The Police have arrested a 53-year-old man for his suspected involvement in a case of loanshark harassment.
On 15 April 2023, the Police were alerted to a case of loanshark harassment along Pasir Ris Street 51, where the gate of a residential unit was secured with a bicycle lock and a debtor’s note was left behind.
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 20 April 2023.
The man will be charged in court on 21 April 2023 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 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.
PUBLIC AFFAIRS DEPARTMENT
SINGAPORE POLICE FORCE
20 April 2023 @ 11:45 PM