- Joined
- Apr 20, 2010
- Messages
- 102
- Points
- 0
4 arrested for loansharking activities in 2 separate cases
Published on Mar 5, 2012
By Cherie Thio
The police has arrested four men suspected of being involved in loansharking activities on two separate occasions on Monday and last Friday.
Police officers from the Jurong Police Division spotted two youths, aged 17 and 19 years, placing flyers into the letterboxes of a Housing Board block in Woodlands during their rounds.
After a check, the officers found the flyers to contain material advertising loans on behalf of a loanshark. The 400 copies of the flyers in their possession were seized and the two youths arrested.
Preliminary investigations revealed that the suspects were assisting a loansharking syndicate to promote unlicensed moneylending business by distributing the flyers. Investigations against the two suspects are still ongoing.
On a separate occasion on Monday, the police acted on a resident's tip-off about two men behaving suspiciously in the vicinity of Boon Lay. When the officers spotted the two men fitting the descriptions given by the resident, they started questioning them, and subsequently arrested them for suspected involvement in loansharking activities.
Loanshark-related paraphernalia like paint, markers and mobile phones with debtors' records were found in their possession and seized as case exhibits.
Read the full story in Monday's edition of The Straits Times.
