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Old 30-03-2019, 12:46 PM   #8435
green72
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Join Date: Feb 2016
Posts: 423
Good work SPF ! Even pasting of debtor note at gate is enough to warrant an arrest.

Be Warn, runner wannabe! Not worth getting jailed, fined, caned and a criminal record.

28th Mar 2019 Man Arrested for Loanshark Harrassment

The Police have arrested a 29-year-old man for his suspected involvement in loansharking activities.

On 21 March 2019 at about 10.30pm, the Police were alerted to a case of loanshark harassment where a debtor note was pasted on the gate of a residential unit at Blk 800 Yishun Ring Road.

Through investigations and with the aid of images from police cameras, officers from Woodlands Police Division established the identity of the man and arrested him on 28 March 2019. Preliminary investigations revealed that he is believed to be involved in several other cases of loanshark harassment island wide.

The man will be charged in court on 30 March 2019.


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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