Man Arrested For Loanshark Harassment

The Police have arrested a 29-year-old man for his suspected involvement in a case of loanshark harassment.

On 27 July 2019 at about 6.30am, the Police were alerted to a case of loanshark harassment where the gate of a residential unit along Pasir Ris Street 71 was splashed with paint and secured with a bicycle lock. The wall beside the unit was also scrawled with loanshark-related graffiti.

Through investigation and with the aid of images from police cameras, officers from Bedok Police Division established the identity of the man and arrested him on 30 July 2019. One mobile phone was seized as case exhibit.

The man will be charged in court on 31 July 2019 under the Moneylenders Act (2010 Revised Edition). Under the Moneylenders Act (2010 Revised Edition), 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 5 years and mandatory caning of up to 6 strokes.

The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public sense of safety, peace and security will be arrested and 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.

Source: Singapore Police Force

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