The Police have arrested a 17-years-old teenager for his suspected involvement in loansharking activities.
Preliminary investigations revealed that the teenager is believed to have assisted unlicensed moneylenders to recruit runners, and coordinate the runners to commit acts of harassment. The runners locked the gates of victims' units using bicycle chains and locks. On 3 January 2019, officers from Clementi Police Division conducted an operation and arrested the teenager.
The teenager will be charged in court on 4 January 2019 with abetment to commit loanshark harassment under Section 28A(1)(a) of the Moneylenders Act (2010 Revised Edition). First time offenders found guilty of abetment to commit 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.
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
Source: Singapore Police Force