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- Jul 19, 2011
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six strokes for loansharks?!
How many strokes does Ho Jinx deserve?
six strokes for loansharks?!
How many strokes does Ho Jinx deserve?
six strokes for loansharks?!
Only say liable. Possible can escape with no caning as it's not mandatory if no slashing paint.
bro..under the law, assisting loanshark in transactions also mandatory caning liao...
Unless the change the law recently. If no damage to property or violence use then got chance can escape. I know of a few non commandos that did money transfers and ic verification etc type of runners. No canning. In fact one did not even get jail term but a 50k fine and convert to 5 months in default.
Wow..bro..u connected with underworld ah? Pei Fu Pei Fu...
Only say liable. Possible can escape with no caning as it's not mandatory if no slashing paint.
How do they measure? Six for loansharks? Twelve for what? Robbing a bank? Eighteen for stealing taxpayers money--sorry this goes to lots of PAP big wigs
God knows....aiyah...as long as dont do such activities, you will not find yourself into a backside split situtaion lor.
Unless the change the law recently. If no damage to property or violence use then got chance can escape. I know of a few non commandos that did money transfers and ic verification etc type of runners. No canning. In fact one did not even get jail term but a 50k fine and convert to 5 months in default.
You are right. Caning only when violence used or property damaged. Jail term not mandatory for 1st timers - money transfer etc.
Why are they so hard on loansharks? They should just legalize it and control the interest rate. If credit was available, loansharks wouldn't be around. It is part of the financial ecosystem. Why waste unnecessary resources on an activity that can be regulated and legalized?
Bro, they legalised loansharks many years ago but had a cap on interest rate - 12 to 18% pa. About 18 months ago, they went wild! Except for those earning less than a very low amount, it is free for all for the rest. Licensed ah longs are charging 20-30% monthly. 20% for 5 week loan.
The govt did not anticipate the emergence of the 'jeep thuan' who are all based overseas - M'sia, Thailand and China. These chaps are vicious. A little late in payment and paint is splashed, gate padlocked etc. The licensed as well as unlicensed ah longs hate these jeep thuan chaps for different reasons. In the case of the latter, unnecessary attention. Jeep thuan chaps are just 'telephone gangsters' who won't come out to meet. Quite a number of licensed ah longs who did not get license renewal are now into this. SS based.
Bro, they legalised loansharks many years ago but had a cap on interest rate - 12 to 18% pa. About 18 months ago, they went wild! Except for those earning less than a very low amount, it is free for all for the rest. Licensed ah longs are charging 20-30% monthly. 20% for 5 week loan.
The govt did not anticipate the emergence of the 'jeep thuan' who are all based overseas - M'sia, Thailand and China. These chaps are vicious. A little late in payment and paint is splashed, gate padlocked etc. The licensed as well as unlicensed ah longs hate these jeep thuan chaps for different reasons. In the case of the latter, unnecessary attention. Jeep thuan chaps are just 'telephone gangsters' who won't come out to meet. Quite a number of licensed ah longs who did not get license renewal are now into this. SS based.
Wah, foreign competition in loansharking also ah. Man, sinkapore is a magnet for foreigners. Is the SPF losing in the battle against the foreign tai yee long?
Face or buttocks?
Wah, foreign competition in loansharking also ah. Man, sinkapore is a magnet for foreigners. Is the SPF losing in the battle against the foreign tai yee long?