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Old 29-03-2019, 08:59 AM   #8427
green72
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Join Date: Feb 2016
Posts: 466
Good job SPF, one more.

27 March 2019 Man Arrested for Loanshark Harassment

The Police have arrested a 43-year-old man for suspected involvement in loansharking activities.

On 9 and 23 March 2019, the Police were alerted to two separate cases of loanshark harassments where the gates of two residential units along Beo Crescent were locked with bicycle locks. Debtor notes were also found pasted on the main doors of the units. Through extensive ground enquiries, officers from Tanglin Police Division established the identity of the man and arrested him on 27 March 2019. Preliminary investigations revealed that the man is believed to be involved in several other cases of loanshark harassment islandwide.

The man will be charged in court on 29 March 2019 under the Moneylenders Act 2010 (Revised Edition).

Under the Moneylenders Act (Revised Edition 2010), first time offenders found guilty of loanshark harassment shall be punished with imprisonment for a term not exceeding 5 years and shall also be liable to a fine of not less than $5,000 and not more than $50,000 with mandatory caning of not less than 3 and not more than 6 strokes.

The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public safety, peace and security, will be dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not work with or assist the loansharks in any way. The public can call the Police at 999 or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.
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