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SG Police is ineffective against Loansharks and Runners?!?
- Thread starter SamSengKia
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Its the stupid sinkies fault for refusing to work hard and earn more money and upfrade themselves!
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VOTE THE MEN IN WHITE OUT!
Just want fat paychecks for themselves and let the people suffer! Worse that even innocent ones are suffering because of their money making casino schemes!
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Can classify under same category as the haze....after more than 15 years problem not solved but getting worse.
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If you are PAP, how would you solve this issue?
So smart, suggest something lah...Toad!
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You pay me millions first lah toad!
Get paid millions still can't solve for 15 years....time for next better player.
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THEY wear designer clothes, Rolex watches, drive around town in their flashy cars and splurge on nightclubs and lounges.
Welcome to the world of the 'Ah Long Lieutenants', the 'inner circle' of the loan-shark leaders in Singapore.
"If you look at the loan-shark organisation in terms of five levels, they are probably at the third or fourth level," said 66-year-old Lionel de Souza, an ex-police officer, in an interview with The New Paper on Sunday.
Mr De Souza, who has more than 25 years' experience in the police force, is the managing director of LJ Investigation & Consultancy Services.
While the ages of these 'Ah Long Lieutenants' span a wide range, from their late 20s to 50s, they often share the same demographics.
Lowly educated ('many left school at Primary Six or Secondary Two') and with a long criminal history, they usually build up criminal affiliations during their time in jail.
Mr De Souza said that because of their connections, they become the 'big fish' of the Ah Long leaders after they are released from jail.
Money comes easily to them, as they take a large slice of commission off the earnings of their bosses.
A good example would be the assistants of brothers Chua Tiong Tiong, now 52, better known as Ah Long San, and loan-shark king Chua Tiong Chye, 44, who headed a multi-million illegal moneylending syndicate before they were busted in 1998.
The younger Chua, notoriously known as Lau Ter Kor, which means old maniac in Hokkien, reportedly took in $300,000 a month at the peak of his loan-sharking business and was often seen zipping around in his swanky Lexus.
The loan-shark hierarchy
He worked on a 'profit-sharing scheme' with his lackeys, police told The New Paper then. He gave $50,000 to each of his senior assistants and it was their responsibility to loan and collect the money.
Ultimately, it was an incentive plan for the assistants. Out of the $50,000 given to them, if they made back the same amount, Lau Ter Kor would let them keep half the amount.
In reality, these loan sharks are taking a loan from the 'kings' but pay less than the usual 20 per cent interest.
So when they loan money out themselves and the debtors are slow in repaying, the pressure is also on the assistant to squeeze the debtor. Otherwise the 'kings' will be hounding the assistants themselves.
According to Mr De Souza, in recent years, some of these 'Ah Long Lieutenants' have become more ingenious with their moneylending tactics.
For one, they only use prepaid mobile numbers registered by their debtors, many of whom are forced to become runners when they cannot repay their debts. So when police arrest a debtor-turn-runner and trace the mobile number, they end up with another debtor.
Another trick up their sleeve is to use debtors to open bank accounts but to hand the ATM card and the access number to the loan shark.
Debtors credit money into their own account and the loan sharks make an ATM withdrawal, again covering their tracks.
Mr De Souza added: "There is a group of them who will even get their debtors to gamble on ships. They'll tell their debtors, oh you don't have money to return us, never mind, we'll take you to gamble on international waters.
Those in debt will end up in greater debt, added MrDe Souza.
Loan sharks typically give loans with a flat interest rate of 20 per cent. For a $1,000 loan, the borrower only receives $800 because $200 is immediately kept by the moneylender as interest.
If $600 is repaid the next week, it is still short of the $1,000 and the moneylender will only count it as $400 having been repaid, taking another $200 as further interest. That's how some borrowers end up paying 100 per cent interest.
Fearful of big bosses
For all the bravado and arrogance they display, these sidekicks of the Ah Longs are extremely fearful of their big bosses.
And it often shows upon their arrest, said MrDeSouza.
While the runners are nabbed and jailed for offences ranging from vandalism to illegal moneylending, the lieutenants face the tougher penalties.
These men are detained under the Criminal Law (Temporary Provisions) Act, also known as detention without trial.
The Act is applicable only when a serious crime has been committed and prosecution is not possible because witnesses are not willing or afraid to testify in court.
Only a minister can sign the detention order, which is valid for two years and renewable.
"As the saying goes, when you throw a stone, you hide the hand," said Mr De Souza.
"The sidekicks know the Ah Long leaders wield a lot of power and they do not want to divulge the identity (of their bosses), for fear of reprisals.
"So, they are willing to sacrifice themselves instead."
Welcome to the world of the 'Ah Long Lieutenants', the 'inner circle' of the loan-shark leaders in Singapore.
"If you look at the loan-shark organisation in terms of five levels, they are probably at the third or fourth level," said 66-year-old Lionel de Souza, an ex-police officer, in an interview with The New Paper on Sunday.
Mr De Souza, who has more than 25 years' experience in the police force, is the managing director of LJ Investigation & Consultancy Services.
While the ages of these 'Ah Long Lieutenants' span a wide range, from their late 20s to 50s, they often share the same demographics.
Lowly educated ('many left school at Primary Six or Secondary Two') and with a long criminal history, they usually build up criminal affiliations during their time in jail.
Mr De Souza said that because of their connections, they become the 'big fish' of the Ah Long leaders after they are released from jail.
Money comes easily to them, as they take a large slice of commission off the earnings of their bosses.
A good example would be the assistants of brothers Chua Tiong Tiong, now 52, better known as Ah Long San, and loan-shark king Chua Tiong Chye, 44, who headed a multi-million illegal moneylending syndicate before they were busted in 1998.
The younger Chua, notoriously known as Lau Ter Kor, which means old maniac in Hokkien, reportedly took in $300,000 a month at the peak of his loan-sharking business and was often seen zipping around in his swanky Lexus.
The loan-shark hierarchy
He worked on a 'profit-sharing scheme' with his lackeys, police told The New Paper then. He gave $50,000 to each of his senior assistants and it was their responsibility to loan and collect the money.
Ultimately, it was an incentive plan for the assistants. Out of the $50,000 given to them, if they made back the same amount, Lau Ter Kor would let them keep half the amount.
In reality, these loan sharks are taking a loan from the 'kings' but pay less than the usual 20 per cent interest.
So when they loan money out themselves and the debtors are slow in repaying, the pressure is also on the assistant to squeeze the debtor. Otherwise the 'kings' will be hounding the assistants themselves.
According to Mr De Souza, in recent years, some of these 'Ah Long Lieutenants' have become more ingenious with their moneylending tactics.
For one, they only use prepaid mobile numbers registered by their debtors, many of whom are forced to become runners when they cannot repay their debts. So when police arrest a debtor-turn-runner and trace the mobile number, they end up with another debtor.
Another trick up their sleeve is to use debtors to open bank accounts but to hand the ATM card and the access number to the loan shark.
Debtors credit money into their own account and the loan sharks make an ATM withdrawal, again covering their tracks.
Mr De Souza added: "There is a group of them who will even get their debtors to gamble on ships. They'll tell their debtors, oh you don't have money to return us, never mind, we'll take you to gamble on international waters.
Those in debt will end up in greater debt, added MrDe Souza.
Loan sharks typically give loans with a flat interest rate of 20 per cent. For a $1,000 loan, the borrower only receives $800 because $200 is immediately kept by the moneylender as interest.
If $600 is repaid the next week, it is still short of the $1,000 and the moneylender will only count it as $400 having been repaid, taking another $200 as further interest. That's how some borrowers end up paying 100 per cent interest.
Fearful of big bosses
For all the bravado and arrogance they display, these sidekicks of the Ah Longs are extremely fearful of their big bosses.
And it often shows upon their arrest, said MrDeSouza.
While the runners are nabbed and jailed for offences ranging from vandalism to illegal moneylending, the lieutenants face the tougher penalties.
These men are detained under the Criminal Law (Temporary Provisions) Act, also known as detention without trial.
The Act is applicable only when a serious crime has been committed and prosecution is not possible because witnesses are not willing or afraid to testify in court.
Only a minister can sign the detention order, which is valid for two years and renewable.
"As the saying goes, when you throw a stone, you hide the hand," said Mr De Souza.
"The sidekicks know the Ah Long leaders wield a lot of power and they do not want to divulge the identity (of their bosses), for fear of reprisals.
"So, they are willing to sacrifice themselves instead."
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PAP HAS DONE NOTHING!
It has incresed the problem of loansharks by opening 2 fucking casinos!
WTF, what kind of fuckedup govt is this!
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Stop nagging will you! You oppo clowns are just too reliant on govt this and govt that! Just work hard and earn money and the problem will resolve itself! Twit!
exactly! PAP IS JUST IMCOMPETETNT.
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High salaries and can afford 10million bucks condos and let the ordinary Singaporeans suffer. This is highly unacceptable!
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Thats because oppo supporters refuse to work hard
You must be the greatest fool on earth!
Our ministers also refuse to work hard, so they must be oppo supporters in disguise.
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Only peasants like you need to borrow from loansharks.
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Jul 01, 2013 SINGAPORE
Police have arrested two young men, aged 17 and 21 years old, for suspected involvement in loansharking activities.On Jun 30, 2013 at about 11.50pm, police received information that two men were splashing paint outside at a HBD unit located along Yishun Ring Road.Upon receipt of the report, officers from Ang Mo Kio Police Division promptly responded and managed to locate and detain the two suspects in the vicinity of Yishun Ring Rd.The suspects were placed under arrest for loanshark harassment following a brief interview by the officers.Loanshark-related paraphernalia such as cans of paint and mobile phones containing suspected debtors' records found in their possession were seized as case exhibits.Preliminary investigations indicate that they had carried out loanshark harassment by splashing paint at debtors' units and scrawling loanshark-related graffiti on the walls of HDB blocks for monetary gain.First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment shall be punished with imprisonment for a term not exceeding five years, a fine of not less than $5,000 and not more than $50,000, and shall also be liable to caning of not less than three and not more than six strokes.Commander of Ang Mo Kio Police Division HQ, Assistant Commissioner of Police Keok Tong San, commended his officers for their prompt response and the alertness of the resident.He said, "Police are determined to come down hard on all those who are involved in loansharking activities, causing annoyance and disruption to public peace and security."[email protected]
Police have arrested two young men, aged 17 and 21 years old, for suspected involvement in loansharking activities.On Jun 30, 2013 at about 11.50pm, police received information that two men were splashing paint outside at a HBD unit located along Yishun Ring Road.Upon receipt of the report, officers from Ang Mo Kio Police Division promptly responded and managed to locate and detain the two suspects in the vicinity of Yishun Ring Rd.The suspects were placed under arrest for loanshark harassment following a brief interview by the officers.Loanshark-related paraphernalia such as cans of paint and mobile phones containing suspected debtors' records found in their possession were seized as case exhibits.Preliminary investigations indicate that they had carried out loanshark harassment by splashing paint at debtors' units and scrawling loanshark-related graffiti on the walls of HDB blocks for monetary gain.First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment shall be punished with imprisonment for a term not exceeding five years, a fine of not less than $5,000 and not more than $50,000, and shall also be liable to caning of not less than three and not more than six strokes.Commander of Ang Mo Kio Police Division HQ, Assistant Commissioner of Police Keok Tong San, commended his officers for their prompt response and the alertness of the resident.He said, "Police are determined to come down hard on all those who are involved in loansharking activities, causing annoyance and disruption to public peace and security."[email protected]
FIRST STEP - fire the Supt in charge of loanshark cases! Inept!
Secondly, vote pap out! they have not solve this problem after 3 elections!
Most loan sharks that offer loans to Singaporeans, operates from Malaysia. These guys would normally come by nicknames like GTI, Ferrari, Ah Tan, Ah Lee, Ah Seng, Ice etc.
Customers from Singapore who take the loan from these loan sharks will probably never get a chance to meet these guys. These loan sharks themselves are paid a monthly salary by their big bosses.
Customers from Singapore who take the loan from these loan sharks will probably never get a chance to meet these guys. These loan sharks themselves are paid a monthly salary by their big bosses.
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