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Man arrested for suspected loansharking activities

Imperial Cruiser

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Man arrested for suspected loansharking activities

Posted: 27 April 2012 1235 hrs

SINGAPORE: Police have arrested a 43-year-old man for suspected involvement in loansharking activities.

He was caught at about 12.30pm on Wednesday around Clementi Avenue 3.

Police believe he is a debtor-turned-runner who assisted the loanshark syndicates by handing over money to debtors to open bank accounts and obtain ATM cards from them.

Cash of S$500 and an ATM card were found on him.

- CNA/wm
 
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