Updated: 24/05/2011
[h=1]Loanshark lecturer jailed, fined[/h]
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A former part-time Republic Polytechnic lecturer was jailed 39 months and fined $300,000 today for illegal money-lending offences.
52-year-old Lee Kim Hock was convicted of 10 charges of operating an unlicensed moneylending business.
Facing a total of 31 charges, he had 18 other similar charges taken into consideration and three other charges that the prosecution has decided to withdraw.
Lee’s lawyer, R S Wijaya argued for a lighter sentence than Lee’s other accomplices, saying that his client was not involved in the day-to-day operations and is remorseful.
Deputy Public Prosecutor Ruth Wong however said that Lee had played a vital role in providing money for the unlicensed moneylending business.
Lee's three accomplices were already dealt with in court earlier this year.
One of them, 41-year-old freelance salesman Ku Teck Eng was sentenced to 45 months' jail and fined $300,000 in February.
The other two are, 38-year-old Garreth Ho Sheng Yu and 35-year-old Melvin Tan Cheng Huat, both unemployed.
A district court sentenced Tan on 21 January to 6 years' jail and fined him $240,000.
Ho was jailed five years, given six strokes of the cane and fined $480,000 on 25 January.
-By Ng Jing Yng