The Police have arrested a 44-year-old man for his suspected involvement in unlicensed moneylending activities.
Since March 2022, the Police had received several harassment reports involving debtor notes sent via post to various government buildings and residential units.
The notes contained photographs and personal information of alleged debtors of unlicensed moneylending.
Through extensive probes and enquiries, officers from the Criminal Investigation Department and the seven Police land divisions identified the man and arrested him on 5 May 2022 in the vicinity of Sengkang. Police investigations are ongoing.
Under the Moneylenders Act 2008, the offence of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment carries an imprisonment term of up to five years, a fine between $5,000 and $50,000, and caning between three and six strokes.
Police will continue to take tough enforcement action against those involved in the unlicensed moneylending business, regardless of their roles, and ensure that they face the full brunt of the law.