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Sunday, June 23, 2024
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LOAN SHARK PASTE PHOTOS OF DEBTOR ALONG PUNGGOL WAY HDB AREA

The Police have arrested a 42-year-old man for his suspected involvement in a case of loanshark harassment.

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On 24 May 2024 at about 5.15pm, the Police were alerted to a case of loanshark harassment at a residential unit along Punggol Way, where debtor notes were pasted at the lift lobby of the block. 

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 26 May 2024. A mobile phone was seized as case exhibit. Preliminary investigations revealed that the man is allegedly involved in other similar cases of loanshark harassment.

The man will be charged in court on 27 May 2024 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 for 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 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. 

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