3 arrested for suspected involvement in loansharking activities

[Alto Saotome]

3 arrested for suspected involvement in loansharking activities

Published on Mar 28, 2012
By Amelia Tan Hui Fang

Three men between the ages of 23 and 39 were arrested on Wednesday, by officers from the Jurong Police Division, for their suspected involvement in three separate cases of loansharking activities.

In the first case, a 39-year-old man was arrested through follow-up investigations of operating as an unlicensed moneylender.

Preliminary investigations indicate that the suspect had verified the particulars of a potential customer before issuing him a loan.

In the second case, acting on a tip-off, a 28-year-old unemployed man was arrested at Woodlands Circle.

Read the full story in Wednesday's edition of The Straits Times.

 

[Alto Saotome]

3 men arrested for suspected involvement in loansharking activities

Published on Mar 30, 2012
By Amelia Tan Hui Fang

Three men, aged between 18 and 55 years old, were arrested for suspected involvement in loansharking activities at Tampines, Woodlands, and Admiralty.

In the first case on Thursday police were alerted to a man seen loitering suspiciously at Tampines Street 21. Officers from Bedok Police Division then spotted a 55-year-old man who fit the description, and arrested him after queries.

Loanshark-related paraphernalia including one mobile phone, a note book and one stack of loanshark advertisement flyers were found on him. Preliminary investigations revealed that the suspect is a debtor-turned-runner who had assisted loansharks by checking for signs of harassment at the Tampines housing estates.

He is also believed to have assisted loanshark syndicates to promote unlicensed moneylending businesses by distributing the flyers and by opening two bank accounts and giving away his Automated Teller Machine (ATM) cards with Personal Identification Numbers (PINs) to loansharks for their illegal businesses

Read the full story in Friday's edition of The Straits Times.