The Police have arrested a 21-year-old man for his suspected involvement in a case of loanshark harassment.
On 13 April 2024, the Police were alerted to a case of loanshark harassment along Woodlands Drive 75, where a man was loitering outside a residential unit, and subsequently was found with a debtor’s note in his possession.
Officers from Woodlands Police Division responded to the call and arrested the man at the scene. Related paraphernalia including a debtor’s note were seized as case exhibits. Preliminary investigations revealed that the man is allegedly involved in other similar cases of loanshark harassment islandwide.
The man will be charged in court on 15 April 2024 for an offence under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine 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 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 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.