The Police have arrested a 21-year-old man for his suspected involvement in loansharking activities.
On 16 December 2017 at 5.20pm, a man had approached the house occupant at a residential unit at Toa Payoh Lorong 7 and demanded for repayments of illegal loans. He also purportedly threatened to harm the house occupant if he refused to comply. Through extensive ground enquiries, officers from Tanglin Police Division established the identity of the man and arrested him along Telok Blangah Drive on 24 December 2017. Preliminary investigations revealed that the man may be involved in multiple cases of loanshark harassment island-wide.
The man will be charged in Court on 26 December 2017 under the Moneylenders Act 2010 (Revised Edition). First-time offenders found guilty of loanshark harassment shall be punished with imprisonment for a term not exceeding 5 years and shall also be liable to a fine of not less than $5,000 and not more than $50,000 with mandatory caning of not less than 3 and not more than 6 strokes.
Source: Singapore Police Force