The Police have arrested a 39-year-old man for his involvement in a case of loanshark harassment.
On 17 January 2019, the Police were alerted to a case of loanshark harassment where the door of a residential unit at Blk 230 Compassvale Walk was splashed with red paint and a debtor note was pasted on the wall outside the unit. Through follow-up investigations and the aid of images from police cameras, officers from Ang Mo Kio and Woodlands Police Division established the identity of the suspect. The man was subsequently arrested on 19 February 2019.
The man will be charged in court on 20 February 2019. 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 take a zero tolerance approach towards loanshark harassment activities. Those who deliberately vandalise properties, and cause annoyance and disruptions to public safety will be dealt with severely in accordance with the law.
Members of the public are advised to stay away from loansharks and not 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 illegal loansharking activities.
Source: Singapore Police Force