The Police have arrested a 28-year-old man for his suspected involvement in a case of loanshark harassment.

On 23 January 2021 at about 7.25am, the Police were alerted to a case of loanshark harassment where the gate of a residential unit along Clarence Lane was secured with a bicycle lock.

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 2 February 2021. Preliminary investigations revealed that the man is allegedly involved in another case of loanshark harassment.

The man will be charged in court on 4 February 2021. Under the Moneylenders Act 2010 (Revised Edition), the offence of loanshark harassment for first time offenders carries a fine of not less than $5,000 and not more than $50,000, with mandatory imprisonment of up to five years and mandatory caning of up to six strokes.

The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public safety, peace and security, will be arrested and 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.



Source: Singapore Police Force