The Police have arrested a 53-year-old man for his suspected involvement in a case of loanshark harassment.
On 10 March 2024 at about 10.50pm, the Police were alerted to a case of loanshark harassment at a residential unit along Punggol Drive, where yellow paint was splashed on the unit and a debtor’s note was left behind.
Through ground enquiries and with the aid of images from Police cameras, officers from Ang Mo Kio Police Division established the identity of the man and arrested him on 11 March 2024. Preliminary investigations revealed that the man is believed to be involved in other similar cases of loanshark harassment islandwide.
The man will be charged in court on 12 March 2024 under the Moneylenders Act 2008. For first time offenders, the offence of loanshark harassment carries a fine not less than $5,000 and not more than $50,000, with imprisonment of up to five years, and caning of up to six strokes.
The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruption to public safety 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 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 anyone who could be involved in loansharking activities.