Police nab 10 for suspected loansharking activities
Published on Dec 18, 2014 6:47 PM
By Amir Hussain
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SINGAPORE - Ten people have been arrested for their suspected involvement in loansharking activities.
The suspects - six men and four women aged between 17 and 65 - were nabbed in a 12-hour long operation by officers from the Clementi Police Division on Wednesday.
In a statement on Thursday, the police said that their preliminary investigations show that one of the suspects is believed to have assisted loansharks to harass a debtor's residence, while another is believed to have given false address information to loansharks.
The rest of the suspects are believed to be "debtors-turned-assistors who were believed to have opened bank accounts and given away their Automated Teller Machine cards and Personal Identification Numbers to loansharks to facilitate their businesses", said the police.
