The Police have arrested a 49-year-old man for his suspected involvement in loansharking activities.
On 6 September 2018, the Police were alerted to a case of loanshark harassment at Blk 114 Lorong 1 Toa Payoh. The wall at a lift landing of the block was scrawled with loanshark graffiti.
Through ground enquiries and with the aid of images from police cameras, officers from Tanglin Police Division established the identity of the man and arrested him on 10 September 2018. Preliminary investigations revealed that the man is believed to be involved in other similar cases reported island-wide.
The man will be charged in court on 12 September 2018 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.
Source: Singapore Police Force