The Singapore Police have apprehended a 50-year-old man suspected of being involved in loansharking activities. The arrest follows a case of loanshark harassment reported on May 8, 2023, at a residential unit on Tah Ching Road, where a debtor note was discovered affixed to the door.
With the assistance of images captured by Police cameras and through diligent ground inquiries, officers from the Jurong Police Division successfully identified the individual involved. On June 8, 2023, the suspect was taken into custody. Authorities believe the man may be connected to other similar cases of loanshark harassment.
The suspect was charged in court on June 9, 2023, where he faced charges under the Moneylenders Act 2008. According to the law, first-time offenders found guilty of loanshark harassment can be fined between $5,000 and $50,000. They may also face a mandatory prison sentence of up to five years and a maximum of six strokes of caning.
Singapore Police’s press release
MAN ARRESTED FOR LOANSHARK HARASSMENT
The Police have arrested a 50-year-old man for his suspected involvement in loansharking activities.
On 8 May 2023, the Police were alerted to a case of loanshark harassment at a residential unit along Tah Ching Road, where a debtor note was affixed on the door.
Through ground enquiries and with the aid of images from Police cameras, officers from Jurong Police Division established the identity of the man and arrested him on 8 June 2023. The man is believed to be involved in other similar cases of loanshark harassments.
The man will be charged in court on 9 June 2023 under the Moneylenders Act 2008. First time offenders found guilty of loanshark harassment shall be fined not less than $5,000 and not more than $50,000, with mandatory 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 disruptions 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 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 of anyone who could be involved in loansharking activities.
PUBLIC AFFAIRS DEPARTMENT
SINGAPORE POLICE FORCE
08 June 2023 @ 7:45 PM