Teenager Arrested For Loanshark Harassment

The Police have arrested a 15-year-old male teenager for his suspected involvement in two cases of loanshark harassment.

On 17 and 18 July 2024, the Police were alerted to two cases of loanshark harassment along Woodlands Ave 6 and Yishun Ave 11, where the main door and gate of the two units were splashed with grey paint and debtor's notes were left on the main gate of both the units.

Through ground enquiries and with the aid of images from Police cameras, officers from Woodlands Police Division established the identity of the teenager and arrested him on 18 July 2024. Two debtor's notes were seized as case exhibits.

The teenager will be charged in court on 19 July 2024 under the Moneylenders Act 2008. For first time offenders, the offence of loanshark harassment carries a fine between $5,000 and $50,000, with imprisonment of up to five years and caning of up to six strokes.

The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disrupt 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 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 loansharking activities.