Man Arrested For Loansharking Harassment

The Police have arrested a 44-years-old man for his suspected involvement in loansharking harassment.

On 28 October 2019, the Police received a report of loanshark harassment at a residential unit along Clementi West Street 2, where the door was splashed with red paint and a debtor note was pasted on the wall outside the unit.

Through investigations and with the aid of images from police cameras, officers from Clementi Police Division established the identity of the man and arrested him on 29 October 2019.

The man will be charged in Court on 31 October 2019. Under the Moneylenders Act (Revised Edition 2010), 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 shall also be liable to caning of not less than three and not more than 6 strokes.

The Police adopt a zero tolerance approach against loanshark harassment, especially acts of harassment that caused damage and endanger lives of innocent victims. Offenders will be swiftly tracked down and arrested, and will also dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not to 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