Suspected loanshark runner arrested

[General Veers]

Suspected loanshark runner arrested
Posted: 13 March 2012 1712 hrs

SINGAPORE: Police have arrested a 42-year-old man for his suspected involvement in loansharking activities.

Officers from Clementi Police Division were conducting anti-crime patrols at the vicinity of Clementi Avenue 3 on March 12 when they spotted a man behaving suspiciously at 7.28 pm.

They conducted a check on him and found three Automated Teller Machine (ATM) cards, two mobile phones, some bank transaction receipts and cash amounting to $630 believed to be related to loansharking activities.

Preliminary investigations revealed that the suspect is a debtor-turned-runner who is believed to have facilitated ATM transactions on behalf of the loansharks.

Investigations against the suspect are ongoing.

First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined at least $30,000, be jailed for up to four years and shall also face up to six strokes of the cane.

-CNA/wm

 

[Pervert]

They are really focusing alot in illegal $ lending business. Ah loan all run road Liao.

 

[hokkien]

They are really focusing alot in illegal $ lending business. Ah loan all run road Liao.

But most of the time are the runners that got caught notthe boss

 

[Pervert]

But most of the time are the runners that got caught notthe boss

Yes, I do noticed that too, but why is it so?

 

[hokkien]

Yes, I do noticed that too, but why is it so?

Boss wont show face la.....juz like our boss heere wont show face too.

 

[NelsonSteve]

Suspected loanshark runner arrested
Posted: 13 March 2012 1712 hrs


[/COLOR]First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined at least $30,000, be jailed for up to four years and shall also face up to six strokes of the cane.

-CNA/wm

Well I guess he deserve much more, imprisonment upto he live, so that any criminal would think twice before doing any illegal thing.

 

[General Veers]

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