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Six men arrested for loansharking activities
Posted: 02 November 2011 1846 hrs
SINGAPORE: Police have arrested six men for suspected involvement in loansharking activities in two separate cases.
In the first case, just past midnight on Wednesday, police were alerted by a resident that a man was loitering around Bukit Batok Street 51.
Officers arrested the 31-year-old suspect after questioning him. He had with him items related to loansharking, including nine cans of paint, six bicycle locks, one pair of gloves and a mobile phone with suspected debtors' records.
Early investigations showed that he is a debtor-turned-runner. He is believed to be involved in several loanshark harassment cases in the Boon Lay and Bukit Batok housing estates.
Police also conducted an islandwide operation on Wednesday and arrested five men, aged between 17 and 59 years old.
Preliminary investigations revealed that the suspects had opened bank accounts and gave away their ATM cards and PIN to loansharking syndicates for their business.
-CNA/ac
