Loanshark & Runners run wild in Sinkieland!

[blindswordsman]

...Preliminary investigations revealed that he had facilitated loansharks in their businesses by carrying out ATM transfers.

He said, "Police are determined to come down hard on all those who are involved in loansharking activities, regardless of their age or gender."

SPF seems helpless when it comes to eradicating the scourge of ah longs. Why is the use of blaring about catching the kacang puteh guys who helped in transferring funds? Go for their masters and bosses instead. If big fish is not caught and put under Criminal Law (TP), sinkie land is the play ground of all ah longs.

 

[PhuaCheeBye]

19-year-old loanshark runner arrested

AsiaOne

Sunday, Apr 20, 2014


SINGAPORE - A 19-year-old male teenager was arrested on suspicion of being involved in loansharking activity.

Police were on their rounds on April 19 at around 6.15pm when they spotted the teenager behaving suspiciously near an Automated Teller Machine (ATM) at Clementi Ave 3.

They found several loanshark-related items when searching the teenager. Police seized one mobile phone containing suspected debtors' records, three ATM cards and five ATM transaction receipts as case exhibits.

He was arrested. Preliminary investigations revealed that the teenager was lured by easy money and had assisted loansharks in their businesses by carrying out electronic fund transactions via ATM.

Investigations against him are on-going.

Under the Moneylenders Act 2010 (Revised Edition), first-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender, may be fined between $30,000 and $300,000, be jailed up to four years and shall also be liable to be punished with caning of not more than six strokes.

[email protected]

 

[PhuaCheeBye]

Police arrest 172 in island-wide anti-loanshark blitz

AsiaOne

Saturday, Apr 26, 2014


Police have arrested 172 suspects in an island-wide anti-loanshark operation that took place between Tuesday and Friday.

The suspects, 110 men and 62 women aged between 16 and 68, are suspected of involvment in loansharking activities, the police said in a statement.

Officers from the Criminal Investigation Department (CID) and the six Police land divisions conducted simultaneous raids at multiple locations.

They also said preliminary investigations showed that 14 suspects were believed to be harassers, or runners who facilitated the loansharks in their businesses by verifying debtors' particulars, procuring Automated Teller Machine (ATM) cards and carrying out ATM transfers.

The police also arrested one suspect who was believed to have provided false contact information when obtaining loans from loansharks, resulting in the innocent house owner being harassed.

The remaining 157 suspects were believed to have opened bank accounts and given away their ATM cards and Personal Identification Numbers (PINs) to loansharks to facilitate their unlicensed moneylending businesses, the police said.

Under the law, when a bank account or ATM card of any person is used to facilitate moneylending by an unlicensed moneylender, that person is presumed to have assisted in the carrying on the business of unlicensed moneylending.

First-time offenders found guilty of assisting in the business of unlicensed moneylending may be fined between $30,000 and $300,000, be imprisoned for a term of up to four years and shall also be liable to be punished with caning of up to six strokes.

Any person who is guilty of providing false contact information to obtain loans from loansharks shall be liable upon conviction to imprisonment for a term of up to 12 months, the police said.

 

[PhuaCheeBye]

Police looking for man involved in loanshark harassment

AsiaOne

Monday, Apr 28, 2014


SINGAPORE - The police are looking for the man shown in the photograph above to assist with investigations into a case of loanshark harassment reported in the vicinity of Serangoon Avenue 4 on April 15.

The man is described to be in his 40s, of slim build with fair complexion and short wavy hair.

He was last seen wearing a light-coloured polo tee, blue jeans, and a pair of dark-coloured shoes.

Anyone with information on the man is requested to call the Police Hotline at 1-800-255-0000.

Information can also be submitted online at www.spf.gov.sg/CrimeStopper.

All information will be kept strictly confidential.

[email protected]

 

[PhuaCheeBye]

Man arrested for involvement in loanshark activities

AsiaOne

Friday, May 02, 2014


SINGAPORE - Police have arrested a 35-year-old man for his involvement in loansharking activities.

On May 1, at about 3.30pm, officers from Ang Mo Kio Police Division arrested the suspect in the vicinity of Aljunied Road.

Preliminary investigation revealed that the suspect had committed loanshark harassments by splashing paint and scrawling loanshark-related graffiti on the walls of HDB blocks.

The suspect will be charged in court on May 3 for loanshark harassment.

First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment will face a prison term of up to five years, a fine between $5,000 and $50,000, and shall also be liable to between three and six strokes of caning

 

[PhuaCheeBye]

Man arrested for loanshark harassment

AsiaOne

Sunday, May 04, 2014


SINGAPORE - Police have arrested a 45-year-old man for loanshark harassment on Sunday morning.

The suspect was arrested in Jalan Bukit Merah at 5.16 am. He is believed to have locked a gate with a padlock and also splashed paint at the unit.

Loanshark-related paraphernalia such as two cans of paint, one marker and two bicycle locks were found on him.

The suspect will be charged on Monday and a court order will be sought to remand him for further investigations.

First-time offenders found guilty of loanshark harassment may be jailed for up to five years, face a fine between $5,000 and $50,000, and may also be given between three to six strokes of the cane.

[email protected]

 

[PhuaCheeBye]

2 arrested for involvement in loanshark activities

AsiaOne

Monday, May 05, 2014


Two men, aged 26 and 32, have been arrested in two separate cases for involvement in loanshark activities.

In the first case, police arrested the younger suspect last Saturday at about 12.45am at Serangoon Ave 4.

Preliminary investigations indicated that the suspect is a debtor-turned-runner who had assisted loansharks to perform fund transfers by carrying out electronic fund transactions via ATMs.

Following the arrest, a mobile phone containing loanshark-related entries, cash amounting to $4,370 and four ATM cards were found in the man's possession.

Investigations are ongoing.

In the second case, the 32-year-old suspect was arrested yesterday evening near Serangoon Ave 2.

Preliminary investigations indicated that the suspect had committed multiple cases of loanshark harassments at Hougang, Serangoon, Ang Mo Kio, Toa Payoh and Bedok housing estates by scrawling loanshark-related graffiti on the walls of HDB blocks.

He will be charged in court tomorrow for loanshark harassment.

Under the Moneylenders Act, first-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined between $30,000 and $300,000, be imprisoned for up to four years and shall also be liable to be punished with caning of up to six strokes.

First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment may face jail term of up to five years, a fine between $5,000 and $500,000, and shall also be liable to three to six strokes of the cane.

[email protected]

 

[PhuaCheeBye]

Police appealing for info on loanshark harassment at Compassvale Lane

AsiaOne

Monday, May 05, 2014


Police are looking for a man shown in the photograph above to assist with investigations into a case of loanshark harassment reported near Compassvale Lane on April 1.

The photograph was captured by a police camera in the area.

The man is believed to be in his 20s and of medium build. He was last seen wearing a white and black striped T-shirt and a pair of white Bermudas. He is believed to have tattoos on his left arm and both legs.

Anyone with information is requested to call the Police Hotline at 1800-2550000. Information can also be submitted online via the CrimeStopper portal at www.spf.gov.sg/CrimeStopper. All information will be kept strictly confidential.

[email protected]

 

[PhuaCheeBye]

Police arrest 2 men for loanshark activities

AsiaOne

Tuesday, May 06, 2014


SINGAPORE - Police have arrested two men, aged 24 and 50, for their suspected involvement in loanshark harassment.

The two men, who were arrested at Ang Mo Kio Avenue 8 and South Woodlands Drive, are believed to be debtors-turned-runners who helped loanshark syndicates collect Automated Teller Machine (ATM) cards and Personal Identification Numbers (PINs) from debtors.

A total of four ATM cards, two mobile phones and $150 in cash were found on them.

They will face charges in court on Wednesday.

First time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined between $30,000 and $300,000. They can also be jailed for up to four years and may also be caned up to six strokes.

[email protected]

 

[GoldenDragon]

Still waiting for the day real bosses are caught. Or their workers. Not debtors turn runners.

 

[PhuaCheeBye]

2 arrested for loansharking activities

AsiaOne

Thursday, May 08, 2014


Two men, 50 and 65 were arrested in two separate cases for involvement in loansharking activities.

In the first case, on May 7, the police arrested the 65-year-old suspect around Sengkang Square.

Initial investigations revealed that he had assisted the loansharks by collecting ATM cards on behalf of loansharks and carrying out electronic fund transactions via Automated Teller Machine (ATM).

Following the arrest, 8 ATM cards, one handphone, one notebook and $2,020 in cash were seized by the police.

Also on May 7, the police arrested the 50-year-old around Tebing Lane.

Investigations indicate that the suspect had given away his ATM card and Personal Identification Number (PIN) to a loansharking syndicate to facilitate the business of unlicensed moneylending.

Investigations against both suspects are still on-going.

If found guilty of having assisted in the carrying on of the business of an unlicensed moneylender, first-time offenders can be fined between $30,000 and $300,000 and/or jailed up to 4 years and are liable to receive up to 6 strokes of the cane.

[email protected]

 

[PhuaCheeBye]

PAP govt is most fucked up.

10000 cases of Harassment at HDB estate a year...that is more than 100,000 cases in the last decade...

Vote PAP Out.

 

[laksaboy]

Many things in life happen for a reason, and cannot be explained away as sheer coincidence.

Think back a few years ago... were the loansharks that aggressive as they are now? Why? What caused the change?

There's a reason.


Moneylending Act of 2008

The MLA 2008 will reduce the potential for the abuse of the
unlicensed moneylender defence. It does so by increasing the number of
lending activities which do not require to be licensed. The Interpretation
section reflects the new approach. It introduces the concept of an
“excluded moneylender”. Excluded moneylenders incorporate the
previous exclusions from the MLA 1985, including those who lend as a
subsidiary activity to support their primary business and those
authorised by statute, co-operative societies, pawnbrokers and certain
members of the financial services sector which are now collectively and
neatly described as those regulated by the Monetary Authority of
Singapore. The most significant change in the new MLA 2008 is the
extension of the excluded class to a number of new categories, namely,
those who lend only to: their employees, wealthy/sophisticated
investors, companies, limited liability partnerships and trustees of
business trusts and real estate investment trusts (“REITs”).

 

[Bigfuck]

The most important thing is to put O$P$ in front of the Istana for all the money borrowed from Singaporeans. LHL buay zai si

 

[AhMeng]

PAP opened 2 casinos. What do you expect? I am sure rich PAP tycoons are the ultimate masterminds of these loanshark syndicates.

 

[PhuaCheeBye]

PAP is in Cahoots wirh Loansharks.
SPF no guts to arrest the mastermind loansharks.
Sinkies will suffer and die!!!!

 

[hokkien]

Those runners knows that its a matter of time they be caught why still do it?Impose section 55 now to stop them

 

[PhuaCheeBye]

Now we know why SPF no guts to arrest Mastermind Ah Longs...cos all these blood suckers are PAP grassroots...they are the ones sucking sinkies blood and causing all these harassments in HDB estates!!!

Fuck PAP.

 

[PhuaCheeBye]

PAP Grassroots Leaders = AH LONGs!!!

VOTE PAP OUT!!!​

 

[GoldenDragon]

Those runners knows that its a matter of time they be caught why still do it?Impose section 55 now to stop them

Section 55 or CLTP being used already. Even for those involved in soccer kelong.