Police arrest 5 people for loansharking activities
Published on Mar 26, 2012
Police have arrested five people in the last three days for suspected involvement in loansharking activities for four separate cases.
In the first case, police officers were conducting anti-crimes patrol around Woodlands Circle when they spotted a woman placing flyers into letter boxes.
This was on Saturday night, at about 10.35pm.
The 24-year-old suspect is believed to be a debtor-turned-runner and has assisted loanshark syndicates to promote unlicensed moneylending businesses by distributing flyers.
In a separate occasion, the police arrested another man and woman for distributing flyers to promote unlicensed moneylending businesses as well on Sunday morning.
The male suspect is aged 32 and the female suspect is aged 33. Six stacks of flyers were seized as case exhibits upon their arrest.
In a third case, officers arrested a 38-year-old woman for assisting loanshark syndicates by performing electronic funds transactions via Automated Teller Machine (ATM).
This was on Sunday night at about 9pm.
She is believed to have had opened two bank accounts and gave away her ATM cards and Personal Identification Numbers (PINs) to loansharks to facilitate their illegal businesses.
Read the full story in Tuesday's edition of The Straits Times.
