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2 arrested for loan sharking

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Home > Breaking News > Singapore > Story
Nov 17, 2009
2 arrested for loan sharking <!--10 min-->
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TWO men were held for suspected involvement in loan sharking activities on Tuesday. The arrests follows several reports of loan shark harassment in the Bukit Merah View housing estate since the start of this month. These cases often involved paint being splashed on walls and/or loan shark graffiti. As a result, officers from Clementi Police Division stepped up on their patrols in the vicinity. Their efforts paid off at midnight on Tuesday when the 22-year-old suspects were spotted behaving suspiciously in the Bukit Merah View area. The officers conducted a search on the duo and uncovered on one of them: loan sharking-related paraphernalia such as bank transaction receipts, an ATM card, and about $3,000. This suspect is believed to have assisted loan sharks by collecting debt repayments and arranging for loan sharking activities. He will be charged in court on Thursday. The second suspect is assisting in police investigations.
 
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