25-year-old man arrested for loansharking activities

25-year-old man arrested for loansharking activities

Singapore Police Force·2017-12-28 00:10

The Police have arrested a 25-year-old man for his suspected involvement in loansharking activities.

On 20 December 2017, the Police received a report on a case of loanshark harassment along Pasir Ris Street 51. Through extensive ground enquiries and with the aid of images from Police Cameras, officers from Bedok Police Division arrested the suspect on 21 December 2017 along Boon Lay Drive. 

Preliminary investigation revealed that the suspect was believed to have carried out similar acts of harassment in Pasir Ris and Ang Mo Kio housing estates. 

The man will be charged in Court on 23 December 2017 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act, first-time offenders found guilty of committing loanshark harassment shall be punished with imprisonment for a term not exceeding five years, a fine of not less than $5,000 and not more than $50,000, and shall also be liable to be punished with not less than three strokes of the cane.

PUBLIC AFFAIRS DEPARTMENT

SINGAPORE POLICE FORCE

22 December 2017 @ 11:45AM

Last Updated on 26 December 2017

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Singapore Loanshark Harassment Crime