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2 loanshark harassment suspects arrested in separate cases
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AsiaOne
Wednesday, Mar 05, 2014
SINGAPORE - Police officers from Ang Mo Kio Police Division arrested two men, aged 26 and 39, in two separate cases for their suspected involvement in loansharking activities.
On Tuesday at around 12.25am, police received a call from a victim who was confronted at home by a 26-year-old man demanding repayment on behalf of loansharks.
The police arrested the suspect at the vicinity of Yio Chu Kang Road. Investigations also indicated that the suspect had given his bank ATM card and Personal Identification Number (PIN) to a loansharking syndicate to facilitate the business of unlicensed moneylending.
Later at 10.40am, the police arrested the other male suspect around Tanah Merah Coast Road.
Preliminary investigations revealed that the subject had committed loanshark harassment at Yishun Housing Estate by delivering debtor notes to demand for repayment.
Investigations for both cases are ongoing.
First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment shall be punished with imprisonment for a term not exceeding five years, a fine of not less than $5,000 and not more than $50,000, and shall also be liable to caning of not less than three and not more than six strokes.
Commander of Ang Mo Kio Police Division, Assistant Commissioner of Police Keok Tong San, commended his officers for their perseverance and commitment in the fight against loansharking activities.
He said, "Police are determined to come down hard on all those who are involved in loansharking activities, regardless of their age or gender."
