MAN ARRESTED FOR LOANSHARK HARASSMENT WITHIN 24 HOURS
The Police have arrested a 59-year-old man for his suspected involvement in a case of loanshark harassment.
On 3 October 2023 at about 5.30pm, Police were alerted to a case of loanshark harassment at a residential unit along Bedok North Road, 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 4 October 2023. One mobile phone was seized as a case exhibit.
The man will be charged in court on 6 October 2023 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine between $5000 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 disrupt 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 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
05 October 2023 @ 10:00 PM
Similar news
A 45-year-old man was earlier charged last month for loanshark activities.
Between 22 March and 28 April 2022, the Police received several reports of harassment where debtor notes were sent via post to various government buildings and residential units. The notes contained photographs and personal information of alleged debtors of unlicensed moneylending.
Through follow up investigations, officers from the Criminal Investigation Department and the seven Police Land Divisions established the identity of the man and arrested him on 5 May 2022 in the vicinity of Sengkang.
Preliminary investigations revealed that the man had allegedly worked for a loanshark to print and mail debtor notes to multiple addressees island-wide. The man had also allegedly assisted the loanshark to perform banking transactions at Automated Teller Machines.