Debtor-turned runner arrested for suspected loansharking activities
AsiaOne
Tuesday, Oct 30, 2012
SINGAPORE - A 32-year-old man for suspected involvement in loansharking activities on Oct 29.
Police officers from the Clementi Police Division were patrolling the vicinity of Clementi Avenue 3 when they spotted a man behaving suspiciously.
The officers found two mobile phones and one ATM card on the man after interviewing him.
Preliminary investigations revealed that the man is a debtor-turned runner.
First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender, may be fined between $30,000 and $300,000, jailed for four years and shall also be liable to be punished with caning with not more than six strokes.
[email protected]
