16-year-old arrested for loansharking activities
AsiaOne
Friday, Dec 07, 2012
SINGAPORE - A 16-year-old girl has been arrested for distributing flyers on behalf of loansharks.
On Dec 6, 2012 at about 3.40pm, officers from Ang Mo Kio Police Division arrested the girl in the vicinity of Ang Mo Kio Ave 9, for assisting in the carrying out of the business of an unlicensed moneylender by distributing flyers offering loans.
Investigations against her are ongoing.
First-time offenders found guilty of assisting in the carrying out of the business of an unlicensed moneylender, may be fined between $30,000 to $300,000, be imprisoned for a term not exceeding four years and shall also be liable to be punished with caning of not more than six strokes.
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