The Police have arrested two men, aged 20 and 22, for their suspected involvement in loansharking activities.
On 3 April 2019, the Police were alerted to a case of loanshark harassment where the gate of a residential unit along Jurong West Street 61 was locked with a bicycle lock and a debtor note was placed at the gate.
Through ground enquiries and with the aid of images from police cameras, officers from Jurong Police Division established the identities of the men and arrested them on 9 April 2019.
The two men will be charged in court on 11 April 2019 under the Moneylenders Act 2010 (Revised Edition). First time offenders found guilty of loanshark harassment shall be fined not less than $5,000 and not more than $50,000 with mandatory imprisonment of up to 5 years, and mandatory caning of up to 6 strokes.
The Police take a zero tolerance approach towards loanshark harassment activities. Those who deliberately vandalise properties, and cause annoyance and disruptions to public safety 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 illegal loansharking activities.
Source: Singapore Police Force